GLD SPDR Gold Shares Weekly Chart Analysis: 2025-Oct-08 07:10 CT

Price Action

WSFG Weekly

MSFG Month Oct

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

GLD has demonstrated a strong and accelerating uptrend across all timeframes, with price action marked by large, fast momentum bars pushing to new highs. The swing pivot structure confirms a persistent uptrend, with the most recent pivot high at 366.26 and the next potential support at 352.17. All benchmark moving averages are trending upward, reinforcing the strength of the move and providing a series of rising support levels well below current price. The neutral bias in the session fib grids suggests price is extended above key equilibrium zones, indicating a powerful trend continuation rather than a mean-reverting environment. The chart reflects a classic momentum breakout with higher highs and higher lows, minimal retracement, and no immediate signs of exhaustion or reversal. This environment is typically characterized by strong institutional participation and may be influenced by macroeconomic factors such as inflation, geopolitical risk, or central bank policy, all of which can drive gold demand. The technical structure is robust, with multiple layers of support below, and no significant resistance overhead, suggesting the trend remains intact for now.


Chart Analysis ATS AI Generated: 2025-10-08 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.