GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Apr-24 07:04 CT

Price Action

Last: 431.04,
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 457.40,
5. Levels R: 492.15, 457.40,
6. Levels S: 390.20, 291.78, 238.73.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 432.11 Down Trend,
(Intermediate-Term) 10 Week: 448.99 Down Trend,
(Long-Term) 20 Week: 434.24 Down 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: Neutral,
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 is down, confirmed by the 5, 10, and 20-week moving averages all trending lower, suggesting continued short-term weakness. However, the intermediate-term HiLo trend remains up, and long-term moving averages (55, 100, 200 week) are still in strong uptrends, reflecting a robust underlying bullish structure. Key resistance is at 457.40 and 492.15, while support is found at 390.20, with deeper levels at 291.78 and 238.73. The price is currently consolidating near the upper end of the yearly range, within a neutral NTZ zone, indicating a pause after a strong rally. Futures swing traders will note the potential for further retracement or consolidation in the short term, but the broader trend context remains constructive for gold, especially if price stabilizes above major support and resumes upward momentum in line with the long-term trend.