Indices and commodities
#GOLD
Long
Active
Gold Update 06MAY2026 for COMEX:GC1! by aibek
TradingView
GOLD
Indices and commodities
Active
Current price
4651.55
USD
PNL
+0.08%
4651.55 USD
Stop Loss
11.88%
4095.59 USD
Take Profit
11.88%
5199.89 USD
Rationale
TradingView idea: Gold Update 06MAY2026 for COMEX:GC1! by aibek
TradingView symbol: GOLD
price moves along the established route as it sank
to preset Fibonacci retracement area
slashing half of previous growth in wave A of (B)
wave B of (B) looks completed, RSI shows Bullish Divergence and it already
crossed above the 50 "waterline", however it can dip one more time
confirmation for wave C of (B) is beyond $4,753 level where bottom
of wave 1 of B of (B) is located
target for wave C of (B) is at the top of possible triangle around $5,200-$5,300
where C = A of (B) and there is …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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