GLD Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B+
BEAR
ETF · Gold
GLD is currently showing a bearish wedge compression on the 30-minute timeframe, graded B+ by the UnxEdge scanner. The current breakout level is $366.14, currently 0.39% away. This pattern has shown a 3.0x profit factor across 8 backtested trades.
Current Setup
Close$367.57 -0.04%
Breakout Level$366.14
Distance to Level0.39%
RVOL0.4×
Pressure93
PatternAscending Wedge
Trade Plan
Entry$365.78
Stop$366.66
TP1$364.89
TP2$364.00
TP3$363.11
Chart
Backtest Performance
Win Rate
75%
Profit Factor
3.01x
Avg R
+0.50R
Trades
8
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jun 29 | BEAR | A- | $370.62 | $372.06 | $369.17 | $369.17 | WIN | +1.01R | 2 |
| Jun 9 | BEAR | A- | $395.53 | $396.81 | $394.25 | $394.25 | WIN | +1.00R | 2 |
| Jun 5 | BEAR | A- | $406.41 | $407.79 | $405.03 | $405.03 | WIN | +1.00R | 2 |
| May 26 | BEAR | A | $411.76 | $413.03 | $410.49 | $413.03 | LOSS | -1.00R | 2 |
| Apr 17 | BULL | A- | $442.19 | $440.67 | $443.72 | $443.72 | WIN | +1.01R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-07-20 | B+ | BEAR | $366.14 | 0.54% | 93 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.56% | 93 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.68% | 91 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.64% | 73 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.53% | 74 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.67% | 72 | — |
| 2026-07-20 | A- | BEAR | $366.14 | 0.38% | 73 | — |
| 2026-07-20 | B+ | BEAR | $366.14 | 0.56% | 72 | — |
| 2026-07-20 | A- | BEAR | $366.14 | 0.39% | 72 | — |
| 2026-07-20 | A- | BEAR | $366.14 | 0.28% | 72 | — |
Bot Activity
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