Gold next move, we may see mid correction (06-05-2026)

May 7

Plz Go through the analysis carefully and do trade accordingly.

Anup 'BIAS for the day (06-05-2026)

Current price- 4755

"if Price stays below 4800, then next target is 4730, 4670, 4620 and 4580 above that 4800 and 4830".

Advice- wait for perfect area for selling

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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May 7

Note

Gold hit the sell zone & got rejection,
Daily BIAS target 4730 hit.
Gold sell is running +600 pips in profit (4765-4705)

May 8

Note

THIS ANALYSIS IS VALID FOR TODAY (i.e. 08-05-2026) also

May 8

Trade active

price hit the perfect selling zone & rejected
price hit the first BIAS target 4730 hit, profit made [phone])
sell position gave us massive move +820 PIPS PROFIT (4765-4683)

May 11

Note

gold sell position gave us +1000 PIPS IN PROFIT (4750-4650)

May 12

Trade closed: target reached

gold again tapped selling level and rejected
The sell position gave us more than +1300 pips profit