GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Apr-23 07:05 CT

Price Action

• Last: 435.26,
• 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 390.20,
• 4. Pvt. Next: Pvt high 492.15,
• 5. Levels R: 492.15,
• 6. Levels S: 390.20, 310.12, 291.78, 238.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 472.11 Down Trend,
• (Intermediate-Term) 10 Week: 448.99 Down Trend,
• (Long-Term) 20 Week: 434.24 Up Trend,
• (Long-Term) 55 Week: 375.41 Up Trend,
• (Long-Term) 100 Week: 310.25 Up Trend,
• (Long-Term) 200 Week: 244.89 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, with large weekly bars and fast momentum indicating heightened volatility. The short-term swing pivot trend has shifted to a downtrend, confirmed by both the 5- and 10-week moving averages turning lower. However, the intermediate- and long-term trends remain bullish, as evidenced by the uptrend in the 20-, 55-, 100-, and 200-week moving averages and the higher low structure on the swing pivots. Key support is clustered around 390.20 and 310.12, while resistance is set at the recent pivot high of 492.15. The price is currently consolidating near the 20-week moving average, suggesting a potential inflection point. The overall structure reflects a corrective phase within a broader uptrend, with the market digesting gains after a strong rally. Futures swing traders will note the divergence between short-term weakness and longer-term strength, with the potential for either a deeper retracement or a resumption of the primary uptrend depending on how price reacts to current support levels.