Gold Analysis as of 2026/05/18

The February blues are winding down, so I’ll start analyzing again.

【Daily Chart】

It was a bearish candlestick along with the weekly chart. It’s near the lower end of the range, and the trend is downward.

【4-Hour Chart】

Because there is a bullish outside bar, I will maintain a bullish outlook until it falls below the lower limit around 4526.

Since it’s Monday, I think it’s okay to wait and see until near the pullback area.

【1-Hour Chart】

It’s in a ranging pattern. Be careful that any breakout is still at a four-hour level.

【Sell Defense Lines】

4606

4588

4570

【Buy Defense Lines】

4511

4453

4416