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The SPDR Gold Shares ETF (GLD) is showing several negative technical signals, despite a positive overall trend. Moving averages indicate a bearish outlook. A sell signal was issued from a pivot top on March 2nd, 2026, and the price has fallen significantly since then. Further falls are indicated until a new bottom pivot is found. The MACD also shows a sell signal, with volume rising on falling prices, suggesting an early warning of continued decline. Resistance is expected at $438.45 and $460.03. A break above these levels might signal a potential reversal, but current indicators point towards a bearish short-to-medium term outlook. The ETF is considered a sell candidate with a projected price range between $644.92 and $654.04 over the next three months, with a 11.94% potential decline. Conversely, if the support level of $398.90 holds, a rebound is possible.