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

Price Action

• Last: 4743.3,
• Bars: Medium,
• Mom: Slow.

WSFG Weekly

• Short-Term
• WSFG Current: 45%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 12%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 23%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 4783.6,
• 4. Pvt. Next: Pvt Low 4555.0,
• 5. Levels R: 5510.8, 5464.7, 4917.7, 4783.6,
• 6. Levels S: 4510.1, 4130.6, 4100.9, 4004.8, 3456.9.

Daily Benchmarks

• (Short-Term) 5 Day: 4614.0 Down Trend,
• (Short-Term) 10 Day: 4639.9 Up Trend,
• (Intermediate-Term) 20 Day: 4721.7 Down Trend,
• (Intermediate-Term) 55 Day: 4806.0 Down Trend,
• (Long-Term) 100 Day: 4806.0 Down Trend,
• (Long-Term) 200 Day: 4364.8 Up Trend.

Additional Metrics

• ATR: 347,
• VOLMA: 182966.

Recent Trade Signals

• 07 May 2026: Long GC 06-26 @ 4753.2 Signals.USAR-MSFG
• 06 May 2026: Long GC 06-26 @ 4695.1 Signals.USAR-WSFG
• 06 May 2026: Long GC 06-26 @ 4636.2 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Gold futures remain in a constructive recovery phase after the earlier March selloff and the April base-building process, with price pressing back into the upper portion of the current monthly fib structure and holding above the weekly and monthly NTZ/F0% reference zones. The swing pivot structure is positive, with UTrend active and the latest pivot evolution confirming a higher-high sequence near 4783.6, while the next downside pivot reference sits at 4555.0. Daily benchmarks show a mixed but improving alignment: shorter moving averages are closer to price and the 10-day remains supportive, while the 20-day and 55-day areas still reflect overhead intermediate resistance. Recent long signals across TR120, WSFG, and MSFG reinforce a trend-recovery profile, and the broader long-term backdrop remains upward even as price works through a choppy consolidation band beneath prior swing highs.