# Katie Stockton Sees Gold ETF Hold Above $360 Support as Momentum Improves By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54205 Published: 2026-11-11T16:18:25.000Z Updated: 2026-11-11T16:18:25.000Z Section: Investing > GLD has stabilized above support near $360, with initial resistance at $405 to $410. A new daily MACD buy signal followed a brief breakdown below support that failed to confirm. Katie Stockton sees a possible rebound taking shape in SPDR Gold Shares (GLD), which has steadied above support near $360 after a bear-market cycle that began at its January peak. Her chart places the first resistance band at $405 to $410, with the weekly cloud model and 200-day moving average in that zone. Short-term momentum has improved with a new daily MACD buy signal. It followed a brief breakdown below support that failed to confirm, making the move a false breakdown. If GLD posts further gains, its weekly stochastic indicator is positioned to turn higher from oversold territory. The GLD-to-SPDR S&P 500 ETF Trust (SPY) ratio is also turning higher from support, with its weekly stochastic rebounding from oversold territory. Stockton's analysis treats that relative strength as a risk-off signal favoring gold over U.S. stocks. The technical outlook differs from Matthew Piggott's view in [earlier coverage of gold's pause](). Piggott, director of gold and silver at Metals Focus, described the move as consolidation amid competition for investor capital from stocks, cryptocurrencies and other assets. ## Links in this article - [earlier coverage of gold's pause](https://www.tokenpost.com/news/investing/35341)