GLD SPDR Gold Shares Weekly Chart Analysis: 2026-May-18 07:04 CT

Price Action

• Last: 418.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

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: Bullish.

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 454.58,
• 5. Levels R: 492.15,
• 6. Levels S: 399.20, 360.12, 291.78, 272.58, 238.73.

Weekly Benchmarks

• (Short-Term) 5 Day: 434.65 Down Trend,
• (Short-Term) 10 Day: 436.51 Down Trend,
• (Intermediate-Term) 20 Day: 439.46 Down Trend,
• (Intermediate-Term) 55 Day: 381.06 Up Trend,
• (Long-Term) 100 Day: 316.72 Up Trend,
• (Long-Term) 200 Day: 248.84 Up Trend.

Overall Rating

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

Key Insights Summary

GLD remains in a powerful long-duration uptrend with a sharp weekly pullback from the 492.15 swing-high zone back toward the 399.20 pivot low, creating a fast momentum reset after an extended rally. The short-term structure has turned bearish with the current pivot trend in DTrend and price below the 5, 10, and 20 day benchmarks, while the broader intermediate structure still holds constructive because the HiLo trend stays UTrend and price is well above the 55, 100, and 200 day benchmarks. The chart is showing a classic post-impulse retracement after a vertical advance, with the current week testing the prior breakout area near the 2026 session box around the 400 handle. Long-term trend bias remains bullish because the rising 55/100/200 day averages continue to stack positively and the yearly structure still sits above prior multi-year support shelves. The swing map points to resistance at 492.15 and layered supports at 399.20, 360.12, 291.78, 272.58, and 238.73, defining a broad bullish regime with a short-term bearish correction inside it.