{"schema_version":"1.0","name":"GLDW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d54559a3-3afa-410e-856b-00a8953f3c57","symbol":"GLDW","name":"ROUNDHILL GOLD WEEKLYPAY ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Drawdown and recovery pressure, Directional strength and control, Range position and boundary pressure, Activity pressure and cumulative balance, Range pressure and compression."},{"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":43,"displayedObservations":43,"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 remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.728369,-1.012397,-1.042506,-1.183646,-1.392249,-1.728062,-1.965038,-2.165948,-2.326759,-2.419288,-2.583679,-2.675393,-2.33271,-1.790214,-1.132397],"opens":[50.025063,48.186996,47.308773,46.373803,44.473323,44.350927,42.322796,40.148879,41.26843,40.058115,39.204548,40.029226,39.416948,43.170722,43.7],"highs":[50.460064,48.261519,48.258171,47.028745,44.629712,44.721575,42.38132,41.27574,41.462393,40.27142,41.124993,40.472027,43.474429,44.239428,46.4799],"lows":[47.38606,46.688267,45.893318,44.487179,41.110944,42.673259,39.474615,39.783046,39.777152,38.930463,39.175152,39.094423,39.298192,42.87745,43.03],"closes":[47.859727,47.213625,47.523591,44.487179,42.88499,42.739683,40.808773,41.129309,40.713538,39.355611,39.787374,39.793065,43.088473,43.46817,46.29],"hoverRows":[[{"label":"Open","value":"50.0","className":"is-ohlc","compact":true},{"label":"High","value":"50.5","className":"is-ohlc","compact":true},{"label":"Low","value":"47.4","className":"is-ohlc","compact":true},{"label":"Close","value":"47.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.73","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.2","className":"is-ohlc","compact":true},{"label":"High","value":"48.3","className":"is-ohlc","compact":true},{"label":"Low","value":"46.7","className":"is-ohlc","compact":true},{"label":"Close","value":"47.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.01","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.3","className":"is-ohlc","compact":true},{"label":"High","value":"48.3","className":"is-ohlc","compact":true},{"label":"Low","value":"45.9","className":"is-ohlc","compact":true},{"label":"Close","value":"47.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"46.4","className":"is-ohlc","compact":true},{"label":"High","value":"47.0","className":"is-ohlc","compact":true},{"label":"Low","value":"44.5","className":"is-ohlc","compact":true},{"label":"Close","value":"44.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.18","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"44.5","className":"is-ohlc","compact":true},{"label":"High","value":"44.6","className":"is-ohlc","compact":true},{"label":"Low","value":"41.1","className":"is-ohlc","compact":true},{"label":"Close","value":"42.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.39","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"44.4","className":"is-ohlc","compact":true},{"label":"High","value":"44.7","className":"is-ohlc","compact":true},{"label":"Low","value":"42.7","className":"is-ohlc","compact":true},{"label":"Close","value":"42.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.73","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"42.3","className":"is-ohlc","compact":true},{"label":"High","value":"42.4","className":"is-ohlc","compact":true},{"label":"Low","value":"39.5","className":"is-ohlc","compact":true},{"label":"Close","value":"40.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.97","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"40.1","className":"is-ohlc","compact":true},{"label":"High","value":"41.3","className":"is-ohlc","compact":true},{"label":"Low","value":"39.8","className":"is-ohlc","compact":true},{"label":"Close","value":"41.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.17","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"41.3","className":"is-ohlc","compact":true},{"label":"High","value":"41.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.8","className":"is-ohlc","compact":true},{"label":"Close","value":"40.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.33","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"40.1","className":"is-ohlc","compact":true},{"label":"High","value":"40.3","className":"is-ohlc","compact":true},{"label":"Low","value":"38.9","className":"is-ohlc","compact":true},{"label":"Close","value":"39.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.42","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"39.2","className":"is-ohlc","compact":true},{"label":"High","value":"41.1","className":"is-ohlc","compact":true},{"label":"Low","value":"39.2","className":"is-ohlc","compact":true},{"label":"Close","value":"39.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.58","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"40.0","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.1","className":"is-ohlc","compact":true},{"label":"Close","value":"39.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.68","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"39.4","className":"is-ohlc","compact":true},{"label":"High","value":"43.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.3","className":"is-ohlc","compact":true},{"label":"Close","value":"43.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-2.33","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"43.2","className":"is-ohlc","compact":true},{"label":"High","value":"44.2","className":"is-ohlc","compact":true},{"label":"Low","value":"42.9","className":"is-ohlc","compact":true},{"label":"Close","value":"43.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.79","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"43.7","className":"is-ohlc","compact":true},{"label":"High","value":"46.5","className":"is-ohlc","compact":true},{"label":"Low","value":"43.0","className":"is-ohlc","compact":true},{"label":"Close","value":"46.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.13","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-3.049948,3.049948],"priceRange":[38.845364,48.369974],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-1.132397,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[42.7635,42.7279,43.771,43.4275,45.3557,45.1418,46.3784,46.8322,49.2941,46.5705,48.893,49.834,54.968,53.0758,54.4068,55.3638,56.1177,58.2702,56.8457,54.9739,47.9301,48.0931,50.1373,51.2492,52.4434,50.4081,48.6491,50.093,47.8597,47.2136,47.5236,44.4872,42.885,42.7397,40.8088,41.1293,40.7135,39.3556,39.7874,39.7931,43.0885,43.4682,46.29],"consensus":[0.0,37.0109,-57.055,-11.5195,79.3073,27.4166,62.2159,53.1827,83.6965,0.0,79.0785,57.3734,92.2289,0.0,66.6512,55.9504,54.222,72.767,0.0,-15.9594,-67.3833,-23.6375,0.0,0.0,31.1621,-24.7559,-38.4948,0.0,-51.2972,-39.2142,-15.2476,-66.5346,-51.2785,-51.5379,-56.7107,-22.2157,-37.2967,-52.6728,-28.9994,-30.2695,35.2361,14.7052,-59.0047],"supportDates":["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":[null,null,null,null,null,11.4411,63.0206,44.4059,83.3852,0.0,80.4302,48.9825,93.0721,0.0,55.7299,48.9107,65.517,73.276,0.0,-13.8129,-60.1829,-13.6183,0.0,0.0,30.8253,-35.2833,-37.2369,0.0,-49.8263,-38.2325,-9.7174,-71.6881,-47.6552,-55.8706,-52.5425,-7.6603,-33.9141,-53.3841,-29.9709,-28.6994,36.7337,7.5556,-57.9817],"force":[0.0,37.0109,-57.055,-11.5195,55.4008,5.7944,42.3195,34.6999,85.0964,0.0,82.7379,42.8967,98.5196,0.0,72.985,40.8433,42.1911,83.2378,0.0,-72.2715,-98.5662,-2.611,0.0,0.0,44.0602,-37.513,-40.3984,0.0,-56.2405,-26.0267,-6.2431,-65.3503,-39.5512,-29.2263,-49.2699,-9.6568,-14.4861,-36.6643,-1.6688,-6.1189,67.7903,16.9649,-74.8465],"direction":[null,null,null,null,96.3833,69.3966,75.5081,76.4152,83.0522,0.0,74.9198,77.3036,86.7719,0.0,74.6086,74.7865,49.907,64.7062,0.0,-21.8104,-53.3387,-53.8371,0.0,0.0,22.3342,-3.6122,-38.5727,0.0,-49.4473,-49.7556,-36.9184,-61.4909,-63.796,-62.5231,-66.7891,-61.6164,-57.4559,-63.2945,-49.7949,-49.3143,10.2714,21.2621,-48.8583],"intensity":[null,null,null,null,75.0,40.0,33.3333,71.4286,87.5,100.0,70.0,54.5455,100.0,100.0,92.8571,80.0,12.5,76.4706,44.4444,47.3684,95.0,85.7143,63.6364,26.087,12.5,52.0,57.6923,29.6296,53.5714,51.7241,10.0,77.4194,81.25,36.3636,76.4706,11.4286,2.7778,24.3243,13.1579,7.6923,80.0,85.3659,71.4286],"confirmation":[0.7761,34.5102,40.9243,26.3529,69.6188,54.5741,87.2905,84.5889,94.8303,36.9518,93.396,86.0462,97.6921,15.8089,89.6878,85.551,84.8123,91.5968,11.8916,34.1754,90.6227,52.8071,30.157,28.909,78.3701,53.4836,80.3955,30.4858,84.5882,80.1616,50.9737,89.1765,84.1069,83.7461,85.9842,8.4196,79.2913,84.3566,54.0197,54.3075,80.2448,50.2168,87.3799],"persistence":[null,null,0.0,25.0,0.0,16.6667,28.5714,37.5,50.0,37.5,62.5,87.5,87.5,75.0,75.0,75.0,75.0,87.5,75.0,50.0,25.0,12.5,0.0,12.5,12.5,37.5,50.0,37.5,37.5,37.5,50.0,62.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,10.0309,35.8883,18.6779,23.3911,8.1235,39.5235,7.245,19.911,3.6797,46.4331,16.3597,21.7156,0.1214,13.2057,38.2173,1.1743,15.9261,38.0995,47.0619,44.941,30.7423,49.5302,8.2028,26.0495,22.0805,23.825,15.1782,15.879,22.9294,23.9154,21.6225,37.9638,27.5413,23.2781,19.4349,24.7816,28.0903,42.2851,20.4535],"volumeParticipation":true,"latest":{"consensus":-59.0,"control":-58.0,"force":-74.8,"direction":-48.9,"confirmation":87.4,"persistence":25.0,"assessmentRisk":20.5,"intensity":71.4,"evidenceDepth":100},"analysis":{"status":"Market 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":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-59.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-58.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-74.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-48.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"87/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"29.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"36%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[42.7635,42.7279,43.771,43.4275,45.3557,45.1418,46.3784,46.8322,49.2941,46.5705,48.893,49.834,54.968,53.0758,54.4068,55.3638,56.1177,58.2702,56.8457,54.9739,47.9301,48.0931,50.1373,51.2492,52.4434,50.4081,48.6491,50.093,47.8597,47.2136,47.5236,44.4872,42.885,42.7397,40.8088,41.1293,40.7135,39.3556,39.7874,39.7931,43.0885,43.4682,46.29],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,43.4527,43.7598,44.2359,44.7079,45.5418,45.7288,46.3041,46.9459,48.4045,49.2538,50.1907,51.1313,52.0379,53.171,53.8392,54.0455,52.9336,52.0535,51.7051,51.6222,51.7715,51.5236,51.001,50.8359,50.2948,49.7346,49.3326,48.4516,47.4395,46.585,45.5348,44.7338,44.0028,43.1579,42.5451,42.0447,42.2345,42.4588,43.1554],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,45.7596,46.3015,46.9019,47.5287,48.1649,48.9135,49.5011,49.9064,49.7601,49.6366,49.6737,49.7904,49.9869,50.0181,49.9167,49.9297,49.7764,49.5866,49.4338,49.0673,48.6094,48.1746,47.629,47.1475,46.6709,46.1291,45.6593,45.2248,45.0665,44.9481,45.0475],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,49.2235,49.915,50.7087,53.2813,54.3116,55.4542,56.5736,57.6235,58.9718,59.7239,60.0228,59.8146,59.5505,59.3777,59.1306,59.0808,58.8235,58.6712,58.5139,58.5821,58.5199,58.5974,58.999,59.0963,59.2426,59.2817,58.8922,58.1816,56.8235,55.4315,54.2092,53.971,53.6884,53.2088],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,41.229,41.2042,41.1229,39.9429,39.836,39.6711,39.5269,39.4261,39.1606,39.2274,39.4783,40.2032,41.0038,41.8133,42.8425,43.601,44.3851,44.7644,45.2477,45.0362,45.1627,44.9482,44.0119,42.7063,41.5264,40.1275,39.0936,38.2637,37.7304,37.4166,37.1208,36.8748,36.6949,36.7898],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-0.083,0.0,-0.7848,0.0,-0.4717,0.0,0.0,0.0,-5.5251,-0.8137,0.0,0.0,-3.4424,-1.021,0.0,0.0,0.0,-2.4446,-5.6569,-17.7451,-17.4653,-13.9573,-12.0491,-9.9996,-13.4925,-16.5111,-14.0332,-17.8658,-18.9746,-18.4427,-23.6536,-26.4032,-26.6526,-29.9663,-29.4162,-30.1297,-32.4601,-31.7192,-31.7094,-26.054,-25.4024,-20.5597],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,9.6055,15.3673,8.9931,14.4285,16.6309,28.6465,24.2179,27.333,29.5728,31.3371,36.3749,33.041,28.6603,12.175,12.5566,17.3407,19.943,22.7379,17.9745,13.8579,15.3486,10.206,4.5896,5.2763,0.0,0.0,0.0,0.0,0.7855,0.0,0.0,1.0971,1.1115,9.485,10.4497,17.6198],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,51.1689,47.8922,44.8496,41.7477,38.9769,36.9307,36.0826,35.2522,35.3027,35.3496,35.2941,35.4643,35.1405,34.8644,33.0524,31.0293,29.3784],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,54.1039,45.7995,44.207,40.4856,44.0896,38.6161,35.7478,29.835,27.8796,31.4752,29.9382,30.5952,28.8406,26.9247,26.2739,24.374,23.4398,22.0704,20.4208,18.6785,17.9579,16.5182,15.891,15.6785,14.9279,16.4676,15.825,22.1609,23.4591,27.3715],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,4.4604,7.1452,6.6046,7.3236,6.8801,10.1308,9.3783,23.8682,26.0431,23.835,22.4813,21.3091,21.286,25.5638,23.631,21.9222,22.782,23.4149,25.126,31.1687,29.5862,35.0681,33.7365,32.2477,32.9772,31.2172,30.2276,26.8118,25.7883,23.3561],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,92.087,97.1952,61.8069,91.9836,92.5005,99.8659,54.8194,61.2981,65.9566,69.626,80.1037,73.1698,64.0587,29.7722,30.5659,40.5158,45.9281,51.7411,41.8341,33.2723,37.4075,26.0099,19.756,15.8095,0.0,8.3497,7.6658,5.8303,7.2311,5.4141,1.8148,3.6578,4.186,20.178,22.0206,35.7144],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.9124,-0.436,-5.9371,-1.2461,-1.288,-0.0321,-14.885,-12.7505,-11.2158,-10.0068,-6.5549,-8.8393,-11.841,-23.1368,-22.8754,-19.5973,-17.8142,-15.8991,-19.163,-21.9837,-19.6683,-23.2497,-24.2858,-23.7887,-28.6581,-31.2274,-31.4604,-34.557,-34.0429,-34.7097,-36.8873,-36.1949,-33.1626,-27.6275,-26.9898,-22.2501],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,12.0021,17.8898,11.3762,16.9305,19.181,31.4594,26.934,30.1172,32.4059,34.2088,39.3567,35.95,31.4735,14.6278,15.0177,19.9063,22.5655,25.4216,20.554,16.3474,17.1404,11.9179,8.5741,6.2264,0.0,4.3153,3.9618,3.3798,4.1918,3.1385,1.0921,2.2011,2.2158,10.6806,11.6559,18.9043],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,108.094,100.8721,114.3684,106.0159,97.7258,121.0899,340.0815,175.8374,119.0691,80.8973,178.9971,199.2178,164.7739,140.3763,101.0711,47.2462,54.9103,63.9325,68.2856,73.0259,51.953,56.4377,45.547,47.2302,51.7335,51.1547,30.3084,72.6586,36.3621,40.2889,47.2514,49.3399,39.5607,69.81,83.3559,99.7375],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,98.5308,115.219,95.9911,113.9226,130.4178,135.0,86.032,112.8007,131.1607,135.0,135.0,118.6425,104.6355,92.0605,101.1936,105.4624,110.3284,116.0088,109.8882,103.2667,107.9451,102.876,98.8385,102.9826,98.4681,94.0681,91.7868,86.6017,89.0796,86.4007,83.5189,86.1904,88.0931,91.1171,94.4879,98.5086],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,4.5705,4.8909,4.8284,4.8298,4.5976,4.9965,5.1825,6.6134,6.5495,6.3741,6.1391,5.8772,6.0232,6.2076,6.0559,6.3445,6.2099,6.0842,6.5228,6.8692,6.7426,7.1287,6.8271,6.6999,6.7596,6.5587,6.3366,6.1263,5.8628,5.6445],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,17.6766,19.1197,20.8768,28.6157,30.7507,33.1837,35.4768,37.5014,40.3763,41.4274,41.295,39.2157,36.8889,34.7155,31.9458,30.151,27.9791,26.8898,25.5705,26.1458,25.7656,26.3636,29.0981,32.1996,35.1621,38.536,40.4112,41.3039,40.3858,38.8051,37.4212,37.6379,37.6031,36.4873],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technical-pack/data.json"},"source_fingerprint":"065c14cbe3537289797981f82f94f0ef63b14722af8532ba7d834c93123002b6","content_hash":"3ce2dfa790a1c7f533b65a7b722e102a0356396a4d0b760a2e0f856ad9f9e640","citation":"Sharemaestro, GLDW Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d54559a3-3afa-410e-856b-00a8953f3c57/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}