May 6, 2026 Spot Gold Morning Analysis

Good morning, everyone! On Wednesday’s early session, gold fluctuated and then recovered to strengthen. At the open, it quickly surged up to around 4590, which clearly shows that the 4600 psychological level is being strongly suppressed. For the day, the key is to closely watch whether this level can break through effectively.

On the hourly chart, the market remains in a bullish alignment, and the RSI has formed a golden cross and is strengthening. On the four-hour chart, a large bullish candle was printed, and the MACD has formed a bullish crossover below the zero line; the red histogram continues to expand. Overall, the signs of a bullish rebound are clearly evident.

For intraday, resistance is seen at 4600 and 4620, while support has moved up to the 4560–4540 zone.

In the morning, take trades based on the short-term support at 4560–4540, and go long on dips. The upside targets are at 4600; if it breaks through, continue to watch for the area around 4620. For risk control, place the stop loss consistently at 4530—strictly set your stop and manage the pace.

The above is only personal advice, for reference only, and does not constitute investment advice. Please refer to Cheng Jingsheng Shi Pan’s layout for the specifics! $XAUUSD ‌#XAU