XAU Gold Market Analysis 2026.05.12
Gold has been on the radar since 5.6 when I signaled to the crew to load up on some positions. After yesterday’s pullback, we added more, and we're still holding strong. This morning, I hinted in the group that there might be a shift in gold's structure—something to keep an eye on.
If we can’t break 4890 before May 19, gold might be heading for a triangular consolidation or a converging adjustment. If that’s the case, this adjustment could drag on until late May or early June.
This scenario could take some time, but it’s a strong adjustment. Once it wraps up, gold should still push past 5000+ (we can’t afford to drop below 4501 during this adjustment, or the structure will break down).
If we see a direct breakout or a significant converging adjustment, I’ll keep the group updated with any trading opportunities at
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