GLD Eyeing 316 Breakout

GLD is closely approaching a critical resistance zone around $316, a level that, if breached with conviction, could trigger a meaningful rally. This level has been a strong resistance since April. In fact, GLD tested it five times before and was rejected, resulting in mild pullbacks.

If GLD decisively clears the $316 level, the next logical resistance may lie around $320–$322, or even $330, assuming continued momentum and a gold price tailwind.

If you’re targeting upside into the end of 2025, a realistic range would be $340–$348, based on several medium-term forecasts.

The more optimistic scenario (hits near $395) would likely require a sustained rally in gold prices driven by macroeconomic factors like inflation, central bank buying, or geopolitical tensions.

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