GET DAILY SIGNALSWeekly Market Recap: Gold Surges, Stocks Mixed, Cryptocurrencies Gain Momentum
As the trading week came to a close on Friday, there were notable movements across various asset classes:
Gold emerged as a standout performer, with the SPDR® Gold Shares ETF (GLD) gaining +4.53% over the course of the week. This surge in gold prices may have been driven by a combination of factors, including inflation concerns, geopolitical tensions, and demand for safe-haven assets amidst market uncertainty.
In contrast, major stock market indexes experienced mixed results. While the iShares Russell 2000 ETF (IWM) posted a modest gain of +0.46%, the broader market indices such as the SPDR® S&P 500 ETF Trust (SPY) and the SPDR® Dow Jones Industrial Average ETF Trust (DIA) saw slight declines of -0.22% and -0.85% respectively. The tech-heavy Invesco QQQ Trust (QQQ) also ended the week on a negative note, with a decline of -1.48%.
Within the technology sector, ETFs such as the First Trust NASDAQ-100-Tech Sector ETF (QTEC) and the iShares Semiconductor ETF (SOXX) faced selling pressure, declining by -2.52% and -4.05% respectively. These losses may reflect investor concerns about valuations and potential regulatory risks facing tech companies.
On the cryptocurrency front, Ethereum (ETH.X) and Bitcoin (BTC.X) both experienced significant gains, rising by +14.00% and +10.21% respectively. This bullish momentum in cryptocurrencies may have been fueled by growing institutional adoption, positive sentiment from retail investors, and increasing interest in blockchain technology.
However, not all cryptocurrencies fared well, as XRP (XRP.X), Litecoin (LTC.X), and Bitcoin Cash (BCH.X) all ended the week with losses, declining by -3.59%, -4.43%, and -13.56% respectively. These fluctuations highlight the inherent volatility of the cryptocurrency market and the importance of careful risk management for investors.
Commodities exhibited mixed performance, with the United States Natural Gas ETF (UNG) and the United States Oil ETF (USO) both seeing declines of -1.77% and -2.13% respectively. Despite these losses, the SPDR® Gold Shares ETF (GLD) remained resilient, posting a solid gain of +4.53% for the week.
Overall, the week's trading activity underscored the ongoing volatility and uncertainty in financial markets, driven by a combination of economic, geopolitical, and regulatory factors. Investors should remain cautious and diversified in their investment approach, while closely monitoring developments in key asset classes.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for GLD turns positive, indicating new upward trend
GLD saw its Momentum Indicator move above the 0 level on November 05, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive. In 76 of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GLD's RSI Indicator exited the oversold zone, 14 of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
The Moving Average Convergence Divergence (MACD) for GLD just turned positive on November 05, 2026. Looking at past instances where GLD's MACD turned positive, the stock continued to rise in 42 of 49 cases over the following month. The odds of a continued upward trend are 86%.
Following a +4.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where GLD advanced for three days, in 289 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
GLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GLD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 66%.
The Aroon Indicator for GLD entered a downward trend on November 09, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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