May 8, 2026, Gold Intraday Reference Points:

Monthly level at 4695, weekly level at 4692, intermediate value at 4706,
Above: 4728-4786-4807,
Below: 4648-4627-4569.
The major time frame for gold remains at a high level, with internal time frame energy not yet completed. The 8-hour and 12-hour charts have bottomed out, the daily chart has formed a golden cross, the 4-hour and 6-hour charts are already in water, the bottom has reached the 8-hour level, and the medium-term levels are mostly above water, while the short-term levels are below water for correction and bottoming. Currently, it is at the 1-hour trend level, watch for support at 4677, and be aware of the hidden upward movement in the 4-hour chart. The current situation still belongs to the continuation of the rebound after a large rally, with attention to whether the 8-hour can move above water, whether the 12-hour can effectively break through the 60-day moving average, and whether the daily chart can form a second bottom. Focus on support at 4695 and 4692, the 3-day trend level has already broken, currently following the 5-day trend level, but the price has returned within the 3-day level. Support levels at 4602-4581-4492-4460 need close attention. This is just a personal opinion and not investment advice.