On May 6, 2026 (GMT-5), XAU/USD notched a solid V-shaped rebound across the trading session. Gold bounced sharply off the intraday low of $4,513, rallied toward a peak near $4,720, and eventually closed steady around $4,697.86. The strong recovery was driven by a softer U.S. dollar, falling Treasury yields, rising Middle East geopolitical risks, and active market dip-buying. Heading into the next trading day, the market trend tilts bearish, with a downside target set at 4695.71.
This is just for learning and sharing purposes—not financial advice! Trade at your own discretion, and you’re fully responsible for any gains or losses.