GC Gold Futures Weekly Chart Analysis: 2026-May-01 07:04 CT

Price Action

Last: 4585.3,
Bars: Large,
Mom: Fast.

WSFG Weekly

Short-Term
WSFG Current: -50%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -5%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: -9%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt High 4917.7,
4. Pvt. Next: Pvt Low 4179.3,
5. Levels R: 5657.4, 5464.7, 4917.7,
6. Levels S: 4130.6, 4004.8, 3345.5, 3159.5, 2812.5.

Weekly Benchmarks

(Short-Term) 5 Day: 4722.4 Up Trend,
(Short-Term) 10 Day: 4888.9 Down Trend,
(Intermediate-Term) 20 Day: 4794.8 Down Trend,
(Intermediate-Term) 55 Day: 4215.2 Up Trend,
(Long-Term) 100 Day: 3581.2 Up Trend,
(Long-Term) 200 Day: 2983.2 Up Trend.

Recent Trade Signals

30 Apr 2026: Long GC 06-26 @ 4643.3 Signals.USAR.TR120
29 Apr 2026: Short GC 06-26 @ 4604.5 Signals.USAR-MSFG
28 Apr 2026: Short GC 06-26 @ 4600 Signals.USAR.TR720
27 Apr 2026: Short GC 06-26 @ 4684.6 Signals.USAR-WSFG

Overall Rating

Short-Term: Bearish,
Intermediate-Term: Bearish,
Long-Term: Bullish.

Key Insights Summary

Gold futures remain in a very large weekly-range environment after a sharp vertical rally and a fast retracement from the 5,600-area highs back into the mid-4,500s. The short-term and monthly session fib grids both sit in negative territory with price below their f0%/NTZ centers, matching the recent cluster of short signals and the current downside session bias. Weekly swing pivots still show a higher-level uptrend structure, but the intermediate HiLo trend has rolled over, reflecting a pullback phase inside a broader advance. Price is holding well above the 55, 100, and 200 day benchmarks, so the dominant long-term structure remains constructive even though momentum has cooled from the recent peak and the market is working through a deep correction under the 20 day average.