GC Gold Futures Weekly Chart Analysis: 2026-May-06 07:04 CT
Price Action
- Last: 4711.7,
- 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 4917.7,
- 4. Pvt. Next: Pvt Low 4195.9,
- 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
- 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: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
Gold futures remain in a dominant higher-timeframe uptrend, with price holding above the weekly, monthly, and yearly F0%/NTZ reference zones. The chart shows a powerful advance from the 2023-2025 base into a 2026 expansion phase, followed by a sharp impulse, retracement, and renewed push higher. Weekly structure is still constructive, with the pivot trend pointing up and price working above the major long-term moving averages even after the recent pullback. The intermediate pivot backdrop is more two-sided than the long-term trend, reflecting the recent swing correction from the 4917.7 high toward the 4195.9 low area, but the broader sequence still favors an upward cycle. Recent trade signals show a short-term shift back to long bias after the earlier sell signals, matching the current rebound from the April-May retracement. Overall, the tape looks like a strong trend market with periodic volatility and fast countertrend swings, but the larger structure remains bullish and trend-continuation focused.
Chart Analysis ATS AI Generated: 2026-05-06 07:04 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.