GLD Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
A-
BEAR
ETF · Gold
GLD is currently showing a bearish wedge compression on the 30-minute timeframe, graded A- by the UnxEdge scanner. The current breakout level is $400.07, currently 0.08% away. This pattern has shown a 2.0x profit factor across 9 backtested trades.
Current Setup
Close$399.94 -0.84%
Breakout Level$400.07
Distance to Level0.08%
RVOL1.0×
Pressure54
PatternCompression
Trade Plan
Entry$399.50
Stop$400.87
TP1$398.12
TP2$396.74
TP3$395.36
Chart
Backtest Performance
Win Rate
67%
Profit Factor
2.00x
Avg R
+0.33R
Trades
9
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jul 29 | BULL | A- | $375.85 | $374.84 | $376.86 | $374.84 | LOSS | -1.00R | 2 |
| 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 |
|---|---|---|---|---|---|---|
| 2026-09-08 | A- | BEAR | $400.07 | 0.11% | 54 | — |
| 2026-09-08 | A- | BEAR | $401.66 | 0.09% | 62 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 72 | — |
| 2026-09-04 | B | BEAR | $404.18 | 0.65% | 77 | — |
Bot Activity
No bot trades on GLD yet.
Other Active Breakout Setups
Earnings
No upcoming earnings scheduled.
Don't miss the next breakout
Subscribe to get real-time alerts when GLD approaches its breakout level.
See pricing