The following content is for personal opinion only and does not constitute any investment advice

Gold XAU market analysis May 8, 2026

The core contradiction of XAU at present is: the medium-term slightly bullish trend is still ongoing, but in the short term the market has already entered a high-range tug-of-war zone. On the one hand, the price benefits from the trend-continuation expectation after “breaking through the descending channel”; on the other hand, it faces suppression from volatility driven by related news events. From the standpoint of indicator logic, a common set of effective signals on the four-hour chart would be: moving averages with a bullish alignment + RSI maintaining strength but not becoming overheated + MACD histogram shortening but not flipping bearish. Considering the current environment, RSI and MACD are closer to a state of “slightly bullish, with momentum diverging,” which means the price still has upward momentum to push higher.

The priority is still to watch whether the support at 4680-4650 holds. If the price pulls back without breaking below it, there is still a basis to challenge 4750 / 4800;

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