GLD SPDR Gold Shares Daily Chart Analysis: 2026-May-20 07:04 CT

Price Action

• Last: 409.88,
• Bars: Large,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 409.88,
• 4. Pvt. Next: Pvt high 419.80,
• 5. Levels R: 495.88, 492.15, 481.31, 448.70, 437.42,
• 6. Levels S: 409.88, 400.26, 399.20, 395.33, 388.52.

Daily Benchmarks

• (Short-Term) 5 Day: 425.27 Down Trend,
• (Short-Term) 10 Day: 427.57 Down Trend,
• (Intermediate-Term) 20 Day: 426.78 Down Trend,
• (Intermediate-Term) 55 Day: 432.50 Down Trend,
• (Long-Term) 100 Day: 439.75 Down Trend,
• (Long-Term) 200 Day: 395.33 Up Trend.

Additional Metrics

• ATR: 159,
• VOLMA: 7207880.

Overall Rating

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

Key Insights Summary

GLD is in a short-term down swing with price pressing near the lower pivot band around 410 after failing to hold the 430s and rolling over from the May swing high zone. The pivot structure shows a DTrend short-term while the broader hi/lo framework remains constructive enough to keep the long-run structure from becoming outright bearish. Price is below the 5, 10, 20, 55, and 100 day benchmarks, which keeps the daily trend pressure pointed lower, while the 200 day remains rising below price and acts as the major long-term structural reference. The chart shows repeated test-and-reject behavior around prior pivot resistance, with a lower-high sequence developing after the April and May rebounds. Monthly and yearly session grids read neutral here, so the dominant story is technical rotation rather than strong session bias. From a futures swing trader viewpoint, the tape is still in a correction phase with elevated range expansion, fading momentum, and a market that is working through retracement and consolidation after the prior rally impulse.