GC Gold Futures Daily Chart Analysis: 2026-May-06 07:04 CT

Price Action

• Last: 4710.3,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 25%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 7%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 13%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 4734.6,
• 4. Pvt. Next: Pvt Low 4527.8,
• 5. Levels R: 5510.8, 5464.7, 4917.7, 4734.6,
• 6. Levels S: 4510.1, 4130.6, 4100.9, 4004.8, 3456.9.

Daily Benchmarks

• (Short-Term) 5 Day: 4587.5 Down Trend,
• (Short-Term) 10 Day: 4645.7 Down Trend,
• (Intermediate-Term) 20 Day: 4725.9 Down Trend,
• (Intermediate-Term) 55 Day: 4775.9 Down Trend,
• (Long-Term) 100 Day: 4802.2 Down Trend,
• (Long-Term) 200 Day: 4592.2 Up Trend.

Additional Metrics

• ATR: 1043,
• VOLMA: 157K.

Recent Trade Signals

• 06 May 2026: Long GC 06-26 @ 4673.9 Signals.USAR-WSFG
• 06 May 2026: Long GC 06-26 @ 4636.2 Signals.USAR.TR120
• 04 May 2026: Short GC 06-26 @ 4531.4 Signals.USAR-MSFG
• 28 Apr 2026: Short GC 06-26 @ 4600 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Gold futures are trading in a strong rebound phase after a sharp selloff, with the latest session pushing price back above the weekly and monthly F0%/NTZ zones and reclaiming the 4,700 area. The short-term structure has turned upward, but the intermediate picture remains mixed-to-bearish because price is still below the 20, 55, and 100-day benchmarks and the pivot sequence has not fully reversed the larger down move. The daily action shows a volatile recovery with large bars, an impulsive bounce off the 4,510 support area, and a test of the 4,734 pivot high region that now acts as the nearest resistance reference. The long-term backdrop remains constructive relative to the rising 200-day benchmark, even though overhead supply from prior pivot highs and declining mid-term averages continues to shape a choppy, two-sided swing environment.