Streettracks Gold Trust(GLD) is in an downtrend

(31-Mar-2008) (31-Mar-2008) Streettracks Gold Trust(GLD) closed at 91.88, down -1.58 or -1.69 % today. Based on our analysis, Streettracks Gold Trust(GLD) is in an downtrend.

The closing price of Streettracks Gold Trust(GLD) is below its 50 day moving average of 92.45 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Streettracks Gold Trust(GLD) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 18-Mar-2008, about 9 trading days ago.