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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
SG

SGOLETF / Fundabrdn Physical Gold Shares ETF

$38.07 last close 2026-10-23
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Alert

Verdicts genuinely change. Free email alert the moment SGOL's does — no target price to set, unlike "Alert" above.

Sharia status
COMPLIANT
Screened on its product structure, not by looking through to its holdings — we have not read this fund’s portfolio (physically backed, allocated)
Fund look-through

UNVERIFIED No usable holdings filing was found for this fund.

Gold — physically backed, allocated. Screened on its product structure, not by looking through to holdings: there is no issuer behind the metal to screen.

HoldingStatusWeight
Gold COMPLIANT 100.00%

The fund owns gold outright, held physically and specifically allocated. There is no issuer to screen and no balance sheet to compute ratios from — ownership of a permissible asset is the entire question.

Gold is a ribawi asset, so an exchange must be spot. AAOIFI Shari'ah Standard No. 57 permits an investment product where the metal is fully owned, physically held and specifically allocated, which is what an allocated bullion trust is.

A minority position holds that the T+2 settlement of the SHARES still breaches the spot requirement for gold and silver. That disagreement is real and is not resolved here. This is a structural read of a known product, not an audit of its filings. It cannot see metal lending, interest earned on a cash sweep, or a custodian arrangement that generates yield.

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure0 of 5 timeframes bullish · 82.6% aligned
VWAPPrice below VWAP ($38.80)
VolumeRelative volume 5.6× the 20-day average
Momentum10-day rate of change -4.6%

abrdn Physical Gold Shares ETF (SGOL) is currently considered halal (Sharia-compliant), per our own read of what this product is, rather than a look-through to its holdings. See what it holds below, and the reading of its structure that decided it.

Market & analysts
Momentum (10d)
-4.6%
rate of change
SMC grade
D · 42
82.6% aligned
D · 42
SMC grade — 82.6% timeframe alignment
-4.6%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for SGOL — this runs off the critical path so the page paints first. It will appear here on its own.

51.4147.9444.4841.0137.542025-10-242026-04-272026-10-23

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
37.56
S2
37.90
S1
38.12
PIVOT
38.46
R1
38.68
R2
39.02
R3
39.24

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

7-day expected range
39.24 – 43.54
±5.2% from 41.39, made 2026-09-14 · resolves 2026-09-21
STRONG SELL
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

Technical Summary

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

STRONG SELL
19 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)34.10NEUTRAL
Stochastic %K (14)10.70BUY
CCI (20)-265.64BUY
Williams %R (14)-89.30BUY
MACD (12,26,9)-0.07SELL
ROC (10)-4.63SELL
Momentum (10)-1.85SELL
EMA (10)39.06SELL
SMA (10)39.21SELL
EMA (20)39.49SELL
SMA (20)39.36SELL
EMA (30)39.82SELL
SMA (30)39.92SELL
EMA (50)40.20SELL
SMA (50)40.95SELL
EMA (100)40.77SELL
SMA (100)40.27SELL
EMA (200)41.94SELL
SMA (200)42.97SELL

About abrdn Physical Gold Shares ETF

The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

Weak — low conviction, small size or skip

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

TimeframeBiasBars
📅 Daily BEARISH 43
⏰ 4H BEARISH 49
🕐 1H RANGING 98
⏱ 15-Min BEARISH 130
⏲ 5-Min BEARISH 234

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

-4.6%
Rate of change (10d)
5.6×
Volume vs its 20-day average
-0.69
MACD (BEARISH)

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

Peer movement computing — it will appear here on its own.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is a fund screened on its name?

No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.

What does unrated weight mean?

It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.

Does the issuer's board make it compliant?

It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.

How often is this re-screened?

When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-10-20 · Asset managers net 901377 (-14458)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.