April 10 Chart of the Day - SPDR Gold Shares
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
SPDR Gold Shares (GLD), an ETF designed to mirror the price performance of gold bullion, is now surging alongside gold itself - both reaching new all time highs (ATH). Gold is approaching $3,200 per ounce, while GLD is nearing the $300 mark.
Back in February 2024, when we last spotlighted this opportunity, GLD was trading around $184 and gold hovered near $2,000. If you took action then, you're likely smiling now.
If not... well, don’t you wish you had?
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 475+ Charts of the Day and provide FREE Price Action Trading education to traders who join our highly rated Trade Room.
Monthly Chart
On the monthly chart during the past 12 months price has transitioned from a long consolidation phase into a powerful uptrend. From spring through summer 2024, it traded sideways between $175 and $190.
In the fall, it broke out decisively above $190, fueled by rising inflation concerns and geopolitical tensions. By year-end, GLD had surged past $220, confirming a strong bullish reversal.
In early 2025, momentum accelerated, with GLD pushing toward $300 alongside gold’s run to $3,200.
Traders and investors often hesitate to buy at or near all-time highs, fearing a sharp pullback or getting in too late. That’s where we come in - using advanced Fibonacci techniques from our Advance Fibonacci Course, we help identify high-probability buying zones even in fast-trending markets, so you can enter with confidence, not hesitation.
Weekly Chart
On the weekly chart, we’ve used our advanced Fibonacci techniques to accurately and precisely identify the last three pullback zones in GLD - each time catching key inflection points before major upside moves.
While there are no guarantees in trading, the consistency speaks for itself.
As the saying goes: “It’ll work until it doesn’t”… and so far, it’s worked beautifully.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined advanced Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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