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Gold Update 06MAY2026

366
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 76.4% Fibonacci retracement level

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