streetTRACKS Gold Shares(GLD) is in an downtrend

(28-Apr-2008) (28-Apr-2008) streetTRACKS Gold Shares(GLD) closed at 87.69, up 0.42 or 0.48 % for the day. Based on our analysis, streetTRACKS Gold Shares(GLD) is in an downtrend.

The closing price of streetTRACKS Gold Shares(GLD) is below its 50 day moving average of 92.75 (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 Shares(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 22-Apr-2008, about 6 trading days ago.