XAU Gold Market Analysis 2026.05.11

It has been suggested that 4501 may be the end point of the gold correction, and the upward movement starting from 4501 on this path is at the same level as the blue segment of the chart (4100-4890). Today, let's analyze the gold market in detail from the 1-hour timeframe:

As shown in Chart 2, assuming 4501 is the starting point of a new wave of upward movement, then 4501-4765 is the first segment of the rise (blue segment on Chart 2), and the movement starting at 4765 is a correction targeting that segment of the rise.

Not falling below 4664 indicates a strong correction (blue box in Chart 2); falling below 4664 may indicate a deep correction (red box in Chart 2); a direct fall below 4501 suggests that the correction from 4890, targeting the rise from 4100 to 4890, is not yet complete. After identifying the correction endpoint, the upward trend will continue. (Assuming 4100 as a phase low point) #XAU #贵金属 $XAU