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The following content is for personal opinion only and does not constitute any investment advice
Gold XAU market analysis May 6, 2026
Remaining above the key defensive zone, the bullish structure is intact. Market sentiment has just started to warm from the freezing point, far from the greed zone. From a macro perspective, as long as related news slightly loosens or expectations of interest rate cuts reemerge, the bulls have reason to rally.
The key is to pay attention to the support levels at 4580-4550. If a pullback does not break below, there is a chance to recover to 4640 or even 4690.