GC Gold Futures Daily Chart Analysis: 2026-May-05 07:04 CT

Price Action

• Last: 4570.8,
• Bars: Medium,
• Mom: slow.

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 4510.1,
• 4. Pvt. Next: Pvt High 4713.3,
• 5. Levels R: 5510.8, 5464.7, 4917.7,
• 6. Levels S: 4510.1, 4130.6, 4100.0, 4004.8, 3458.9.

Daily Benchmarks

• (Short-Term) 5 Day: 4595.5 Down Trend,
• (Short-Term) 10 Day: 4608.8 Down Trend,
• (Intermediate-Term) 20 Day: 4731.7 Down Trend,
• (Intermediate-Term) 55 Day: 4766.3 Down Trend,
• (Long-Term) 100 Day: 4799.3 Down Trend,
• (Long-Term) 200 Day: 4353.9 Up Trend.

Additional Metrics

• ATR: 347,
• VOLMA: 182966.

Recent Trade Signals

• 04 May 2026: Short GC 06-26 @ 4531.4 Signals.USAR.TR120
• 04 May 2026: Short GC 06-26 @ 4531.4 Signals.USAR-MSFG
• 04 May 2026: Short GC 06-26 @ 4589.9 Signals.USAR-WSFG
• 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 weekly, monthly, and yearly fib-grid midlines, keeping the larger swing structure aligned to the downside. Daily price is pressing under the 5, 10, 20, 55, and 100-day benchmarks, with only the 200-day still below price, highlighting a broader retracement within a still-distributed intermediate trend. The pivot structure remains in DTrend mode, with the next pivot reference still pointing to a higher pivot zone near 4713.3 while support is clustered around 4510.1 and then the lower swing shelves near 4130.6 to 4004.8. Recent short signals across TR120, MSFG, and WSFG confirm a synchronized bearish swing cycle, while the chart action shows a fade from the April recovery into a lower-high, lower-close sequence near the May NTZ area.