GLD SPDR Gold Shares Daily Chart Analysis: 2026-May-04 07:05 CT

Price Action

• Last: 423.18,
• Bars: Medium,
• Mom: Slow.

WSFG Weekly

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

MSFG Month May

• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 427.93,
• 4. Pvt. Next: Pvt Low 417.69,
• 5. Levels R: 495.88, 492.15, 481.31, 448.70, 427.93,
• 6. Levels S: 414.16, 400.26, 399.20, 395.33, 385.42.

Daily Benchmarks

• (Short-Term) 5 Day: 425.22 Down Trend,
• (Short-Term) 10 Day: 431.00 Down Trend,
• (Intermediate-Term) 20 Day: 433.47 Down Trend,
• (Intermediate-Term) 55 Day: 435.98 Down Trend,
• (Long-Term) 100 Day: 435.96 Down Trend,
• (Long-Term) 200 Day: 390.96 Up Trend.

Additional Metrics

• ATR: 159,
• VOLMA: 7207880.

Overall Rating

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

Key Insights Summary

GLD is trading below the 5, 10, 20, 55, and 100 day benchmarks, which keeps the daily structure tilted lower in the near term despite the larger 200 day trend remaining constructive. The swing pivot map shows a short-term up pivot state but an intermediate down-hilo structure, reflecting a market that has been working through a broader post-peak retracement after the March high near 495.88. Price is sitting in the lower half of the recent range, below the April balance area and beneath the key moving average cluster, while the next visible pivot support sits near 417.69 with broader support layers down through 414.16 and 400.26. The chart reads as a corrective, range-to-downtrend phase with failed recovery attempts and lower-high supply still overhead.