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

Price Action

• Last: 437.73,
• 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 456.80,
• 5. Levels R: 492.15, 456.80,
• 6. Levels S: 399.20, 380.12, 291.78, 272.58, 238.73.

Weekly Benchmarks

• (Short-Term) 5 Day: 433.78 Up 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: Neutral,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

GLD remains in a powerful higher-timeframe uptrend with price well above the 55-, 100-, and 200-day benchmarks, keeping the long-term structure constructive. The weekly swing pivot has rolled into a short-term downtrend after the recent surge to the 492.15 resistance area and the sharp pullback back into the 399.20 pivot-low zone, showing a fast retracement from an extended advance. Even with that short-term pivot deterioration, the intermediate swing structure still reflects a larger bullish regime built on rising highs and rising lows, and the current price is holding above the 55-day benchmark, which preserves the broader trend. The current action looks like a post-extension consolidation after a strong multi-year rally, with nearby resistance at 456.80 and 492.15 and layered support at 399.20, 380.12, and the prior structural pivots below.