Gold –07.05.2026
Gold managed to pass above the resistance of 4680 which could lead to a further advance towards target 4765-95.
As we see over the chart. The market is facing support around 4590-4630 which could keep the advance movement towards the resistance 4890.
Below 4590 more of a drop will be expected.
Above 4890 more advance toward 5000 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4660 | 4775 |
| LEVEL2 | 4590 | 4890 |
| LEVEL3 | 4500 | 5000 |

