Gold –07.05.2026

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

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