$GLD Weekly OutlookSPDR Gold SharesBATS:GLDMTrades-TTSGLD — Weekly Down 1.97% to 398.77. But look at how it fell: volume at 123% of average, range at only 57% of normal, closing off the low. Heavy volume that produces almost no movement is absorption. A lot of stock changed hands and price barely moved — someone is taking the selling. This is the second Test sitting right on the weekly 34/50 cloud (@ripster47 EMA cloud). So far it's holding. The line is 395.51 — weekly 34/50 and the Stopping Volume low together. Weekly close above 400.35 and the absorption wins: 407, then 415, then 422. Weekly close below 395.51 and it flips: 390, 385, 380. Neutral until one of those prints. 400 is the pivot. One caution — absorption only counts if price eventually lifts on it. Another heavy week with no progress and the buyers here get run over.