GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Oct-20 07:05 CT

Price Action

• Last: 379.50,
• Bars: Medium,
• Mom: Slow.

WSFG Weekly

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

MSFG Month Oct

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• MSFG Trend: Bearish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• YSFG Trend: Bearish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 373.38,
• 4. Pvt. Next: Pvt high 405.60,
• 5. Levels R: 492.15, 429.42,
• 6. Levels S: 373.36, 363.32, 360.12, 291.78, 272.58.

Weekly Benchmarks

• (Short-Term) 5 Day: 388.26 Down Trend,
• (Short-Term) 10 Day: 398.06 Down Trend,
• (Intermediate-Term) 20 Day: 389.48 Down Trend,
• (Intermediate-Term) 55 Day: 387.55 Up Trend,
• (Long-Term) 100 Day: 353.44 Up Trend,
• (Long-Term) 200 Day: 275.58 Up Trend.

Overall Rating

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

Key Insights Summary

GLD, as a liquid proxy for the gold-futures swing structure, is in a short-term corrective decline from the 492.15 peak. The current 373.38 pivot low is being tested by a modest rebound, but price remains beneath the 5, 10, 20, and 55-period benchmarks and below the 2026 F0%/NTZ area near 400, preserving a bearish near-term and intermediate-term profile. The pivot sequence remains DTrend/DTrend, with 405.60 defining the next pivot-high reversal threshold and 429.42 the larger overhead swing resistance. Support is concentrated at 373.36, then 363.32-360.12; this creates a compressed, volatile consolidation zone following the sharp retreat from the spring high. The larger cycle remains structurally positive because price is still materially above rising 100- and 200-period benchmarks, while the decline represents a substantial countertrend retracement within that broader advance.