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

Price Action

Last: 4567.6,
Bars: Large,
Mom: Fast.

WSFG Weekly

Short-Term
WSFG Current: -30%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -7%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: -12%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt Low 4522.2,
4. Pvt. Next: Pvt High 4727.2,
5. Levels R: 5510.8, 5464.7, 4917.7,
6. Levels S: 4522.2, 4130.6, 4100.0, 4004.8, 3458.9.

Daily Benchmarks

(Short-Term) 5 Day: 4627.5 Down Trend,
(Short-Term) 10 Day: 4690.4 Down Trend,
(Intermediate-Term) 20 Day: 4793.3 Down Trend,
(Intermediate-Term) 55 Day: 4775.3 Down Trend,
(Long-Term) 100 Day: 4796.9 Down Trend,
(Long-Term) 200 Day: 4348.8 Up Trend.

Additional Metrics

ATR: 219.9,
VOLMA: 158K.

Recent Trade Signals

04 May 2026: Short GC 06-26 @ 4589.9 Signals.USAR-WSFG
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

Overall Rating

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

Key Insights Summary

Gold futures are trading below the monthly and weekly NTZ midlines, with the daily structure still set by a down pivot trend and lower benchmark alignment. Price has bounced off the April swing low area but remains under the 20, 55, 100, and 10-day averages, leaving the recent rebound looking more like a countertrend recovery than a confirmed trend reversal. The pivot map still shows a lower-high / lower-low framework, while the nearby 4727.2 pivot-high level and 4917.7 resistance zone define overhead reaction points. The long-term 200-day average sits well below current price, but the broader tape remains pressured by the dominant decline from the March peak and the continuing downside session-fib bias.