GLD SPDR Gold Shares Weekly Chart Analysis: 2026-May-06 07:04 CT

Price Action

• Last: 418.27,
• Bars: Medium,
• Mom: Average.

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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt Low 399.20,
• 4. Pvt. Next: Pvt High 456.36,
• 5. Levels R: 492.15,
• 6. Levels S: 399.20, 380.12, 291.78, 272.58, 238.73.

Weekly Benchmarks

• (Short-Term) 5 Day: 433.78 Down Trend,
• (Short-Term) 10 Day: 441.51 Down Trend,
• (Intermediate-Term) 20 Day: 437.73 Down Trend,
• (Intermediate-Term) 55 Day: 379.11 Up Trend,
• (Long-Term) 100 Day: 314.50 Up Trend,
• (Long-Term) 200 Day: 247.48 Up Trend.

Overall Rating

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

Key Insights Summary

GLD remains in a powerful higher-timeframe uptrend, but the weekly structure has shifted into a short-term corrective phase after a sharp run to the 490 area and a fast reversal back toward the low 400s. Price is now below the 5, 10, and 20 week benchmarks, while still holding well above the rising 55, 100, and 200 week averages, which keeps the broader trend construct intact. The swing pivot read is mixed: the short-term pivot trend is DTrend, while the intermediate HiLo trend remains UTrend, showing a pullback inside a larger advance. The chart is transitioning from expansion to consolidation/retracement, with the 399.20 pivot low and the 380.12 support zone standing out as the nearest major structural references, while 456.36 and 492.15 remain the prior swing resistance markers from the impulse leg.