SPDR Gold Shares · GLD
commodityLast updated: February 26, 2026
Money flow in SPDR Gold Shares is balanced, with neither strong accumulation nor distribution. The Flow & Accumulation Score reads 50/100 — a neutral reading with no clear directional bias. The broader trend remains positive, with the Trend & Momentum Score at 67/100, though not at its strongest. The Risk Profile Score at 86/100 suggests the return-to-risk trade-off is favourable — downside has been well-contained relative to the gains delivered.
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Where is money flowing?
VWAP: Above 50d ($444.87) and 200d ($377.41)
Money flow in SPDR Gold Shares is neutral. The Flow & Accumulation Score reads 50/100 — neither buyers nor sellers are dominating, and capital commitment is balanced. Chaikin Money Flow at 0.07 is marginally positive, with On-Balance Volume flat — there is no strong conviction from either buyers or sellers at present. Volume is notably thin at just 0.5x the 20-day average — any price moves today carry less conviction due to low participation.
What is the trend?
| MA Period | Value | Price vs MA | Distance |
|---|---|---|---|
| 10-day | 465.55 | Above | +2.6% |
| 21-day | 462.89 | Above | +3.2% |
| 50-day | 437.10 | Above | +9.2% |
| 100-day | 407.53 | Above | +17.2% |
| 200-day | 361.28 | Above | +32.2% |
The trend in SPDR Gold Shares is positive. The Trend & Momentum Score reads 67/100, with price above the key 50-day and 200-day moving averages — the intermediate and long-term trend structure is intact. Price is 32.2% above the 200-day moving average — a substantial distance that reflects the strength of the long-term move but also suggests the asset is far from its long-term mean.
Is momentum building or fading?
Momentum is positive across all timeframes — 10-day (2.1%), 21-day (0.3%), and 63-day (25.6%) rate of change are all in positive territory — though the alignment suggests the pace of gains is stabilising rather than accelerating. RSI at 59 reflects healthy bullish momentum without reaching overbought levels — there is room for further upside before the indicator signals caution. The MACD histogram is positive, confirming the momentum picture — trend strength and directional indicators are in agreement.
How extended is this move?
Price sits 9.2% above the 50-day moving average, placing this extension in the 83rd percentile of its historical range. The move is moderately extended — not at extremes, but above the typical range. Bollinger Band %B at 0.76 shows price in the upper half of its recent volatility range.
Where are the key levels?
$505.99 – $513.41
$418.84 – $449.26
The nearest support reference is $419 — $449, 9% below — minor swing at $423, SMA-50 at $437, and minor swing at $446. The nearest resistance reference is $506 — $513, 7% above — intermediate swing at $510. The volume Point of Control over the past year sits at $309, where the most trading activity occurred — a significant level if price revisits that area.
How does this compare?
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What risk am I taking?
The risk-return profile of SPDR Gold Shares is excellent. The Risk Profile Score reads 86/100 — strong returns with well-contained downside, a combination that supports meaningful position sizing. The 1-year Sortino Ratio of 2.6 is strong — returns have been well above what the downside volatility would justify. Maximum drawdown over the past year was -13.9%, indicating the losses, when they came, were contained.
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Direction Assessment
Confirmed uptrend with capital inflow
Uptrend without volume support
Capital flowing in, trend not yet established
Downtrend with capital outflow
Excellent risk/reward. Standard positioning appropriate.
The combined signal is neutral. With trend at 67/100 and flow at 50/100, neither dimension provides a clear directional reading — the asset is in a transitional or range-bound state. The Risk Profile Score at 86/100 sits in favourable territory — in a neutral directional environment, the risk metrics become important for sizing decisions.
Conclusion
SPDR Gold Shares is in a transitional phase. The data does not support a strong directional view — indicators are mixed, and the asset could resolve in either direction. The risk profile is the standout — at 86/100, the excellent return-to-risk trade-off is the most defining characteristic for sizing decisions. These scores update daily as new data arrives. Flipside does not predict what happens next — it shows what is happening now, grounded in the data.