---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000795433.md"
description: "$SPDR Gold Shares(GLD.US)Its interesting to see many using the 200D MA as ‘proof’ that Gold has topped etc and that there is a trend reversal. Goes to show how many just conveniently take a well known support line and draw conclusions without taking other factors into account.Yes the 200D MA has been breached. However it can be reclaimed as easily and technically gold has a beautiful 3 wave ABC off the top in between 23.6 and 38.2 retrace and just above a confluence of AVWAPs. Until that develops into a clear five wave pattern on increasing volume, this looks like the end of a fourth wave or the A of that fourth wave. The overall long term trend is still up. Weekly looks good.Looks like a good spot to accumulate for the long term. Not financial advice. As usual do your own due diligence.@Captain's Treasure"
datetime: "2026-07-14T14:22:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000795433.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000795433.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000795433.md)
author: "[Heroic Lifesaver](https://longbridge.com/en/profiles/21630362.md)"
generator: "portal-rs"
---

# $SPDR Gold Shares(GLD.US)Its interesting to see ma…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**