GLD SPDR Gold Shares Daily Chart Analysis: 2026-Mar-23 07:06 CT

Price Action

• Last: 420.88,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Mar

• 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: DTrend,
• 3. Pvt. Evolve: Pvt High 467.23,
• 4. Pvt. Next: Pvt Low 413.38,
• 5. Levels R: 467.23, 481.93, 492.15, 495.88,
• 6. Levels S: 413.38, 411.33, 398.12, 388.32, 380.12, 373.81, 368.52, 333.81.

Daily Benchmarks

• (Short-Term) 5 Day: 450.34 Down Trend,
• (Short-Term) 10 Day: 461.87 Down Trend,
• (Intermediate-Term) 20 Day: 468.70 Down Trend,
• (Intermediate-Term) 55 Day: 448.54 Down Trend,
• (Long-Term) 100 Day: 420.88 Down Trend,
• (Long-Term) 200 Day: 373.61 Up Trend.

Additional Metrics

• ATR: 159,
• VOLMA: 7,207,880.

Overall Rating

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

Key Insights Summary

GLD has experienced a sharp and decisive selloff, with price breaking below multiple key support levels and all major short- and intermediate-term moving averages now trending down. The most recent swing pivot action confirms a dominant downtrend in both short- and intermediate-term timeframes, with the next significant support at 413.38 now being tested. The large bar size and fast momentum indicate heightened volatility and strong directional conviction from sellers. Volume has surged, confirming the intensity of the move. Despite the long-term 200-day moving average still holding an uptrend, all other benchmarks have flipped to downtrends, suggesting a major shift in sentiment. The market is currently in a corrective phase after a prolonged rally, with the potential for further downside if support levels fail to hold. The technical landscape is dominated by lower highs and lower lows, with no immediate signs of reversal or stabilization. This environment is characterized by high volatility, aggressive selling, and a lack of bullish catalysts, making it a period of pronounced bearish momentum from a swing trading perspective.