GLD SPDR Gold Shares Daily Chart Analysis: 2025-Nov-07 07:11 CT

Price Action

WSFG Weekly

MSFG Month Nov

YSFG Year 2025

Swing Pivots

Daily Benchmarks

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Overall Rating

Key Insights Summary

GLD has recently experienced a sharp retracement from its highs, with price action now consolidating below key resistance levels after a significant sell-off. The short- and intermediate-term swing pivot trends are both down, indicating prevailing bearish momentum, while the most recent pivot evolution points to a potential for a short-term bounce if the price can reclaim the next pivot high at 372.42. However, the 5, 10, and 20-day moving averages are all trending down, reinforcing the short-term bearish bias. In contrast, the 55, 100, and 200-day moving averages remain in uptrends, suggesting that the longer-term structure is still intact and bullish. Volatility, as measured by ATR, remains elevated, and volume has normalized after the recent spike. The market is currently in a corrective phase within a broader uptrend, with key support levels at 333.81 and 333.19, and resistance at 382.25 and above. The overall setup reflects a market in consolidation after a strong rally, with the potential for further downside in the short term but underlying long-term strength.


Chart Analysis ATS AI Generated: 2025-11-07 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.