Technical Analysis (Gold) : XAU/USD 7 May 2026

Technical Analysis : XAUUSD (Gold)

Date : 7 May 2026

Momentum : Up

First Scenario : long positions above 4,685.43 with targets at 4,723.15, 4,753.75 and 4,794.66

Second Scenario : short positions below 4,685.43 with targets at 4,660.79, 4,636.22 and 4,605.56

Comment : There is no clear trend in the price movement.

Supports and resistances :

4,794.66 **
4,753.75 *
4,723.15
4,698.00 - Last price
4,660.79
4,636.22 *
4,605.56 **

Warning : This information is not a buy-sell signal.