GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Apr-08 07:05 CT

Price Action

• Last: 431.81,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Apr

• 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 390.00,
• 4. Pvt. Next: Pvt high 457.40,
• 5. Levels R: 492.15, 457.40,
• 6. Levels S: 390.00, 360.12, 291.78, 272.55.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 383.47 Up Trend,
• (Intermediate-Term) 10 Week: 405.72 Up Trend,
• (Long-Term) 20 Week: 427.95 Up Trend,
• (Long-Term) 55 Week: 370.42 Up Trend,
• (Long-Term) 100 Week: 305.84 Up Trend,
• (Long-Term) 200 Week: 242.21 Up Trend.

Overall Rating

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

Key Insights Summary

GLD has experienced a sharp pullback from recent highs, as indicated by large weekly bars and fast momentum to the downside. The short-term swing pivot trend has shifted to a downtrend, with the most recent pivot low at 390.00 acting as immediate support, while resistance is set at 457.40 and the prior high at 492.15. Despite this short-term weakness, the intermediate and long-term trends remain firmly bullish, supported by all major moving averages trending upward and price holding well above long-term benchmarks. The intermediate-term HiLo trend is still up, suggesting the broader uptrend is intact. The current price action reflects a corrective phase within a larger bullish structure, with volatility elevated and a potential for further testing of support levels before any sustained recovery. The market is in a consolidation phase after a strong rally, with the potential for either a deeper retracement or a resumption of the uptrend depending on how price reacts to key support and resistance levels in the coming weeks.