SPDR Gold Shares (GLD) is showing strong bullish signals. The ETF has broken its rising trend line, indicating increasing upward momentum. Short-term moving averages suggest a positive outlook, with the 50-day MA at $167.08 and the 200-day MA at $152.36, both below the current price. The RSI is at 88, suggesting overbought conditions, which might lead to a short-term pullback. However, the overall trend remains bullish, supported by the MACD and a recent buy signal from a pivot bottom identified 15 days ago. The 3-month moving average convergence divergence (MACD) also shows a buy signal, with rising volume confirming positive momentum. Based on the chart analysis and technical indicators, GLD is a strong buy candidate. We forecast a potential upside of 19.27% over the next 12 months, with a target price range of $545.63 to $566.70. Support levels are identified at $443.45 and $437.31, while resistance is seen at $460.08 and $462.55. A breach below $437.31 would invalidate the bullish outlook.