GLD SPDR Gold Shares Weekly Chart Analysis: 2026-Nov-02 11:08 CT

Price Action

• Last: 364.67,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Nov

• 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 354.67,
• 4. Pvt. Next: Pvt high 385.03,
• 5. Levels R: 492.15, 429.42,
• 6. Levels S: 364.67, 291.78, 272.58, 238.73, 236.13.

Weekly Benchmarks

• (Short-Term) 5 Day: 373.82 Down Trend,
• (Short-Term) 10 Day: 387.81 Down Trend,
• (Intermediate-Term) 20 Day: 386.46 Down Trend,
• (Intermediate-Term) 55 Day: 385.69 Down Trend,
• (Long-Term) 100 Day: 355.71 Up Trend,
• (Long-Term) 200 Day: 271.51 Up Trend.

Overall Rating

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

Key Insights Summary

GLD reflects a sharp futures-style corrective swing from the 429.42 pivot high into the 354.67 pivot low, with large weekly bars and fast downside momentum. Price is below the 5-, 10-, 20-, and 55-week benchmarks, confirming a bearish short- and intermediate-term structure. The 354.67 area is the active near-term pivot support, while 385.03 marks the reversal threshold for a new short-term pivot high. The broader trend remains constructive because the 100- and 200-week averages continue rising, although the current decline is testing the long-term trend transition zone beneath the 2026 yearly NTZ.