GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Feb-02 07:12 CT

Price Action

• Last: 438.56,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 402.00,
• 4. Pvt. Next: Pvt high 458.00,
• 5. Levels R: 458.75,
• 6. Levels S: 402.00, 360.12, 320.17, 238.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 438.24 Up Trend,
• (Intermediate-Term) 10 Week: 417.82 Up Trend,
• (Long-Term) 20 Week: 389.63 Up Trend,
• (Long-Term) 55 Week: 339.84 Up Trend,
• (Long-Term) 100 Week: 294.15 Up Trend,
• (Long-Term) 200 Week: 229.84 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

GLD has experienced a strong rally, with price action showing large, fast momentum bars pushing to new highs. However, the most recent swing pivot indicates a short-term downtrend, suggesting a pullback or correction phase after a significant run-up. Despite this short-term weakness, the intermediate and long-term trends remain firmly bullish, as evidenced by all benchmark moving averages trending upward and the HiLo trend maintaining an uptrend. Key support levels are well below the current price, indicating a substantial cushion for any further retracement. Resistance is marked at the recent high, and the market is currently consolidating after a sharp move, which is typical following a parabolic advance. The overall structure suggests a healthy long-term uptrend with a short-term pause or correction, often seen as the market digests gains before potentially resuming its upward trajectory.