GLD has recently experienced a sharp pullback from its highs, as indicated by the fast momentum and large daily bars. The short-term swing pivot trend and HiLo trend are both down, with the most recent pivot low at 362.12 and the next potential reversal at 373.80. Resistance is clearly defined at 382.25 and the major swing high at 403.30, while support levels are layered below, notably at 362.12 and 333.81. Short-term moving averages (5 and 10 day) are trending down, confirming the current bearish momentum, but the 20, 55, 100, and 200 day moving averages remain in uptrends, reflecting underlying intermediate and long-term strength. The ATR is elevated, signaling increased volatility, and volume remains robust. From a swing trader’s perspective, the market is in a corrective phase within a broader bullish structure. The recent sell-off may be a retracement within a larger uptrend, with price currently testing support zones. The neutral stance of the session fib grids suggests a period of consolidation or indecision, with no clear directional bias from the grid levels. The overall structure points to a market that is digesting gains after a strong rally, with the potential for either a continuation of the correction or a resumption of the uptrend if key resistance levels are reclaimed.