Spot Gold Morning Outlook

Gold Digger Lao Mao | 2026-05-06

Every rise and fall in the market is a battle between human nature and probability. What we can do is stick to our rhythm within the rules and not be led by emotions.

Currently, on the 1-hour chart, after a rebound, the price is approaching the upper band of the channel. Short-term bullish momentum is weakening, the divergence rate is near the center, and there is obvious selling pressure above. The market is likely to remain in narrow fluctuations for the day. In terms of trading, continue to favor short positions, focusing on the resistance around 4600-4610. When the price hits this zone without a clear breakout, consider entering short positions, with a stop loss above 4620, targeting the 4570-4550 range; if there is an unexpected breakout above the upper band, abandon the long chase and wait for a higher level to re-enter.

This content is only a sharing of personal trading ideas and does not constitute any investment advice. The market carries risks; invest cautiously.