GC Gold Futures Daily Chart Analysis: 2026-May-08 07:03 CT

Price Action

Last: 4733.5,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 39%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: 9%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 18%
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 4775.2,
4. Pvt. Next: Pvt Low 4686.2,
5. Levels R: 5510.8, 5464.7, 4917.7, 4775.2,
6. Levels S: 4510.1, 4130.6, 4100.9, 4004.8, 3456.9.

Daily Benchmarks

(Short-Term) 5 Day: 4630.3 Up Trend,
(Short-Term) 10 Day: 4638.6 Up Trend,
(Intermediate-Term) 20 Day: 4716.4 Down Trend,
(Intermediate-Term) 55 Day: 4809.3 Down Trend,
(Long-Term) 100 Day: 4809.3 Down Trend,
(Long-Term) 200 Day: 4370.3 Up Trend.

Additional Metrics

ATR: 347,
VOLMA: 182966.

Recent Trade Signals

08 May 2026: Long GC 06-26 @ 4736.5 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: Neutral,
Long-Term: Neutral.

Key Insights Summary

Gold is trading in a recovery phase after the sharp March selloff, with price reclaiming the short-term moving averages and holding above the weekly, monthly, and yearly session fib biases. The swing pivot structure remains in a short-term uptrend, but the intermediate trend is still working through a transition zone after the prior lower-high, lower-low sequence. Overhead resistance is clustered near 4775.2 and 4917.7, while support is layered around 4686.2, 4510.1, and 4130.6, framing a market that is constructive but still repairing the larger trend. The daily benchmark stack shows short-term strength versus intermediate-term pressure, matching a market that is bouncing, consolidating, and attempting to rebuild upside momentum rather than moving in a clean expansion trend.