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The following content is for personal opinion only and does not constitute any investment advice
Gold XAU market analysis May 7, 2026
Overall, it remains bullish, but more like a high-level consolidation with a strong tendency. If we condense the four-hour cycle into one sentence: XAU is still in a relatively strong structure, but resistance above is clear, and in the short term, it looks more like a "waiting for a breakout confirmation" consolidation phase.
The key is to pay attention to the support levels at 4675-4650. If the price tests these levels without breaking below, there is still a basis to challenge higher targets at 4745 / 4795.
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