GC Gold Futures Weekly Chart Analysis: 2026-May-20 07:04 CT

Price Action

• Last: 4577.0,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -20%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -15%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -26%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 4917.7,
• 4. Pvt. Next: Pvt Low 4236.7,
• 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: 4711.5 Down Trend,
• (Short-Term) 10 Day: 4724.7 Down Trend,
• (Intermediate-Term) 20 Day: 4818.2 Down Trend,
• (Intermediate-Term) 55 Day: 4259.6 Up Trend,
• (Long-Term) 100 Day: 3840.9 Up Trend,
• (Long-Term) 200 Day: 3018.1 Up Trend.

Recent Trade Signals

• 19 May 2026: Short GC 06-26 @ 4504.5 Signals.USAR-MSFG
• 19 May 2026: Short GC 06-26 @ 4506.6 Signals.USAR-WSFG
• 14 May 2026: Short GC 06-26 @ 4659.6 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Gold futures remain in a broad secular uptrend, but the weekly structure is correcting sharply from the recent spike to the 5600s. Price is trading below the weekly, monthly, and yearly session F0/NTZ centers, confirming downside control across the shorter cycle grids. The swing pivot model is also in DTrend for both short-term and HiLo structure, with the next pivot defined as a lower swing low at 4236.7 after the prior high at 4917.7. Short-term benchmarks are rolling over beneath the 5, 10, and 20-day averages, while the 55, 100, and 200-day averages still slope higher, showing that the larger trend remains constructive even as the market transitions through a deep retracement. Recent short signals from WSFG, MSFG, and TR120 align with the current weekly weakness, while the higher-timeframe moving averages indicate the broader bull trend is still intact despite the active correction and post-impulse consolidation.