GC Gold Futures Weekly Chart Analysis: 2026-May-08 07:04 CT

Price Action

Last: 4730.8,
Bars: Medium,
Mom: fast.

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: DTrend,
3. Pvt. Evolve: Pvt High 4917.7,
4. Pvt. Next: Pvt Low 4194.3,
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 Up 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

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: Bullish,
Long-Term: Bullish.

Key Insights Summary

Gold remains in a broad higher-high/higher-low uptrend on the weekly chart, with the current pullback holding above the yearly NTZ/F0% area and above major longer-term benchmarks. Short-term structure is still constructive because the pivot trend stays UTrend and the most recent trade signals remain long, even though the 10-day and 20-day benchmarks have rolled to down trends during the recent retracement from the 5400s. Intermediate and long-term structure stay firmly positive: price is still well above the 55-, 100-, and 200-day averages, and the yearly session grid bias remains above F0% with an up trend. The chart shows a strong impulse leg, a sharp corrective swing, and then a rebound that is working through resistance under the 4917.7 pivot high, while support is defined by 4306.6, 4130.6, and 4004.8.