ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 Gold Market Analysis 2026.05.26 Let’s look at gold’s rise from 4100 as a simple three-wave structure: 4100-4890 is the first wave up (marked as the red segment), the drop starting from 4890 is the pullback for that wave (marked as the blue segment), and after the pullback ends, there’s another wave up similar to the 4100-4890 rise. The red wave up + blue pullback (either about to complete or already completed) + the rise in the red box together form the entire upward movement starting from 4100. This structure aligns with the same level as the black wave down shown in the chart. Has the pullback from 4890 ended? Watch the 4530 level below. If the 4-hour K or daily K candlestick bodies break below this level, there’s a possibility of seeing a low below 4453. This week, or at the latest next week, a valid breakout above the 4663 level is needed to assume 4453 as the adjustment low. If there’s a new low, pay close attention to the reaction around the 4383-4402 range. Once the pullback from 4890 ends, gold is highly likely to rise to 5000+.