May 6, 2026 Spot Gold Evening Analysis

In today’s daytime session, bullish momentum for gold has continued to build, with an intraday gain of more than 170 points.

In the evening, remarks from Federal Reserve officials, ADP employment data, and EIA crude oil inventory data will be released in a major way. You need to pay close attention, as they may directly determine the direction of the US evening market.

1、On the 4-hour timeframe, the market remains in a bullish alignment, but the RSI indicator has entered the overbought zone. In the short term, there is a technical pullback need, and the MACD red histogram also shows signs of shrinking volume.

The key resistance levels above are 4730 and 4750. Support has moved up to the 4690 and 4660 area.

For execution, you can build long positions in batches based on the 4690 and 4660 support. Targets are 4730 and 4750, and a defensive stop-loss should be set below 4680.

With tonight’s data coming in densely and the market subject to relatively large variations, pullback risk is increasing. When entering positions, you must strictly set your stop-loss—under no circumstances is it allowed to carry positions while holding through losses.

The above is only personal advice for reference and does not constitute investment guidance. For specific details, please follow Cheng Jingsheng’s layout! $XAUUSD ‌#XAU