May 6, 2026 Spot Gold Evening Analysis

During today’s daytime trading session, bullish momentum for gold continued to build, with an intraday gain of over 170 points.

Tonight, major releases will be coming out, including remarks from Federal Reserve officials, ADP employment data, and EIA crude oil inventory data. Pay close attention, as they may directly influence the direction of the US evening session.

1. On the 4-hour timeframe, the bullish alignment remains intact; however, the RSI indicator has entered the overbought zone, suggesting a need for a short-term technical pullback. The MACD red histogram also shows signs of shrinking.

Key resistance levels are at 4730 and 4750, while support has moved up to the 4690 and 4660 area.

For trading, you can build long positions in batches based on the supports at 4690 and 4660. Targets are 4730 and 4750, with the defense/stop-loss placed below 4680.

With tonight’s data coming in thick and fast and many variables in play, pullback risk is increasing. When entering positions, be sure to strictly place stop-loss orders, and under no circumstances hold positions to “ride it out” if the trade goes against you.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng Shiyan’s arrangement for specific plans! $XAUT $BTC $ETH