GC Gold Futures Weekly Chart Analysis: 2026-May-04 07:05 CT
Price Action
- Last: 4567.4,
- 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: UTrend,
- (Intermediate-Term) 2. HiLo Trend: DTrend,
- 3. Pvt. Evolve: Pvt High 4917.7,
- 4. Pvt. Next: Pvt Low 4199.9,
- 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: 4746.4 Down Trend,
- (Short-Term) 10 Day: 4842.2 Down Trend,
- (Intermediate-Term) 20 Day: 4807.3 Down Trend,
- (Intermediate-Term) 55 Day: 4230.5 Up Trend,
- (Long-Term) 100 Day: 3601.0 Up Trend,
- (Long-Term) 200 Day: 2994.6 Up Trend.
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: Neutral.
Key Insights Summary
Gold futures are in a fast weekly selloff after a major vertical advance and repeated tests of higher resistance, leaving price back below the 2026 yearly NTZ midpoint and under the short- and intermediate-term session grids. The weekly swing structure still shows a short-term pivot trend that has not fully rolled over, but the broader HiLo pivot rhythm has turned down, matching the recent cluster of short signals across WSFG, MSFG, and the longer TR720 framework. Price is also trading below the 5, 10, and 20 day benchmarks, while the 55, 100, and 200 day averages remain higher and rising, which keeps the longer backdrop constructive even as the current weekly cycle is corrective and volatile. The chart reflects a sharp retracement from the 5600s toward the mid-4500s with key pivot resistance overhead and support stacked beneath the market, indicating a transition from trend extension into a consolidation-and-reversal phase.
Chart Analysis ATS AI Generated: 2026-05-04 07:05 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.