GOLD GLD JUN - 2026SPDR Gold SharesBATS:GLDTWMMPROGLD has broken its primary uptrend and is now testing one of the most important institutional distribution zones around $401. Key levels to monitor: Major Distribution: $509 (7B Sold) Resistance: $450 Institutional Distribution: $401 (4.6B Sold) Gap Zones: $400 and $430 Major Support: $350-$340 Institutional Orders: $300-$280 The $401 level has become the key pivot. A recovery above this zone could trigger a move toward the $430 gap and eventually the $450 resistance. Failure to reclaim $401 increases the probability of a deeper correction into the $350-$340 institutional support zone. This analysis is based on institutional market structure, volume, liquidity, and support/resistance—not financial advice.