Gold Analysis 2026/05/26

【Daily chart】

It is a bullish candle, but because it touches the short-term MA with an upper shadow, I personally am bearish.

【4-hour chart】

It is declining from the neck line of a head-and-shoulders pattern.

If it closes above around 4579, an rise up to around 4625 is expected.

【1-hour chart】

It had been in an uptrend, but a bar that may bend downward is appearing.

If it breaks 4551, which could become the neck line, a W reversal pattern may be formed.

【Sell defense line】

4579

Around 4556

【Buy defense lines】

4533

4515

4505