{"schema_version":"1.0","name":"GLDM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4e299483-7033-4815-929c-50d7547de6b9","symbol":"GLDM","name":"SPDR Gold MiniShares","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Acceleration, deceleration and rollover, Strength versus the research benchmark, Range pressure and compression, Range position and boundary pressure, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":68,"displayedObservations":68,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms 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This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. 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Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 15.2% across 1 completed cases, with the largest move arriving after 10.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-01-23","price":1714.959961}],"reversal_dangers":[{"date":"2026-02-13","price":1680.0}]}},"smTape":{"available":true,"dates":["2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[1276.24,1235.0,1270.0,1270.0,1300.0,1252.85,1281.0,1295.0,1291.6,1243.0,1245.0,1240.0,1220.1899,1250.0,1237.8,1241.78,1280.51,1331.0,1332.75,1342.02,1360.0,1416.36,1496.39,1537.77,1509.0,1500.0,1460.0,1507.0,1515.0,1533.0,1517.0,1515.0,1542.65,1590.5,1560.0,1600.0,1611.15,1714.96,1681.0,1695.0,1680.0,1720.0,1793.5,1781.0,1783.6,1596.01,1624.0,1682.85,1637.0,1655.0,1625.0,1603.0,1605.0,1563.0,1553.96,1566.0,1500.0,1442.0,1452.0,1404.0,1424.79,1412.14,1399.91,1403.0,1389.0,1475.0,1474.25,1546.0],"consensus":[87.0704,9.8901,100.0,-58.0,0.0,-12.9167,12.678,13.0688,11.6395,-9.3103,0.0,-14.1682,-15.7344,12.5283,-13.344,0.0,16.3389,22.2784,0.0,18.9358,0.0,29.9196,36.6583,29.0191,0.0,24.1218,-9.3761,19.0629,21.6446,25.5262,0.0,0.0,11.1298,33.3683,0.0,35.7147,11.4277,61.1262,0.0,34.6401,0.0,36.1475,58.1933,0.0,13.8075,-53.2679,0.0,22.1717,-26.0555,17.7922,-28.3869,-16.4296,0.0,-44.2837,-29.4978,0.0,-55.2375,-33.9239,-32.4818,-47.4132,-29.157,-46.0715,-24.7107,-22.1229,-40.3792,45.0888,0.0,-64.2288],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[25.5678,28.8414,0.0,26.1088,0.0,36.1879,44.0183,26.2649,0.0,31.3451,-10.7063,28.7037,32.9067,35.8742,0.0,0.0,10.0791,42.7704,0.0,44.9345,3.9289,62.3792,0.0,37.3969,0.0,49.0316,64.33,0.0,0.894,-51.8119,0.0,34.6272,-22.7241,22.9973,-29.2838,-7.5078,0.0,-47.8297,-27.4412,0.0,-62.9085,-21.7444,-26.4312,-44.38,-22.761,-56.3537,-11.9569,-23.5386,-43.4334,41.3518,0.0,-60.8842],"force":[17.5701,29.0205,0.0,17.1012,0.0,36.4785,34.8945,26.1937,0.0,15.8839,-28.8083,14.3781,13.4038,18.4519,0.0,0.0,4.3139,26.5874,0.0,28.5526,0.6399,79.8599,0.0,26.9001,0.0,29.7675,63.0211,0.0,4.9433,-80.7508,0.0,49.5681,-27.5134,28.434,-46.4112,-7.1086,0.0,-40.1026,-14.5089,0.0,-44.6284,-15.0851,-5.1344,-27.1903,-0.4154,-23.1555,-1.1472,-4.372,-21.4765,93.3264,0.0,-90.7562],"direction":[4.9122,9.9622,0.0,12.0487,0.0,18.0709,29.5066,34.1851,0.0,21.7509,-6.0243,11.3912,14.6599,18.7529,0.0,0.0,17.1992,27.4667,0.0,30.2936,28.6175,46.3131,0.0,37.0182,0.0,25.98,47.7316,0.0,41.9592,-35.3014,0.0,11.632,-28.8213,4.2422,-14.4873,-33.2838,0.0,-43.2176,-42.5546,0.0,-54.0487,-61.2997,-58.9306,-65.3246,-57.5899,-50.689,-56.1174,-39.4299,-50.3907,14.9042,0.0,-49.1031],"intensity":[62.5,88.2353,94.4444,10.5263,90.0,85.7143,95.4545,91.3043,45.8333,96.0,53.8462,59.2593,35.7143,13.7931,6.6667,6.4516,43.75,69.697,41.1765,60.0,94.4444,94.5946,97.3684,97.4359,40.0,56.0976,83.3333,93.0233,84.0909,97.7778,95.6522,76.5957,50.0,14.2857,50.0,82.3529,1.9231,50.0,65.3846,23.0769,71.1538,84.6154,7.6923,55.7692,21.1538,7.6923,23.0769,28.8462,25.0,80.7692,82.6923,67.3077],"confirmation":[50.4587,75.2346,3.41,73.8943,24.7631,77.6786,79.5647,77.242,4.2712,75.3579,50.1908,73.8105,74.5035,75.7951,27.5449,25.8093,48.7032,78.3279,3.6214,79.0699,26.2065,88.1122,7.301,78.807,5.9587,79.1764,86.6755,7.2619,27.765,85.9055,31.3083,32.8882,76.4329,51.2718,77.6194,27.776,3.6945,81.9893,77.0138,6.0245,85.2358,78.4671,54.9863,82.6021,53.9484,81.8878,52.717,52.5163,80.2987,83.9555,25.3268,89.4126],"persistence":[25.0,0.0,0.0,25.0,37.5,37.5,62.5,75.0,62.5,62.5,50.0,50.0,62.5,62.5,50.0,37.5,50.0,50.0,62.5,62.5,62.5,62.5,62.5,75.0,62.5,62.5,75.0,62.5,62.5,37.5,37.5,37.5,25.0,25.0,0.0,12.5,25.0,25.0,37.5,50.0,50.0,75.0,75.0,75.0,87.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Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-64.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-60.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-90.8","detail":"Downward 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