The Gunners have managed just one goal in the last four games and with only two points separating them and the fifth-placed Trotters, a second straight home defeat would leave Arsene Wenger’s men in a tough chase for the final Champions League place.
Although they still have a game in hand — at home to Manchester City next Tuesday — the margins for error grow increasingly thin.
With captain Thierry Henry, Robin van Persie and Theo Walcott all sidelined through injury for the rest of the campaign, Arsenal certainly miss a cutting edge in front of goal.
The rest of the squad have lacked composure, the 1-0 defeat to West Ham last weekend a case in point as chances went begging.
Gilberto, who twice had goal-bound efforts cleared off the line in the 0-0 draw at Newcastle on Monday, feels it would be more disconcerting if Arsenal were not making opportunities to squander.
“Against Newcastle we created a few good chances, but again the ball did not go into the net,” the 30-year-old Brazilian said.
“It would have been nice to have got three points, but one is better than nothing. It was frustrating not to score again, but the attitude of the team was great. Now we just need to continue.
“We have an important game against Bolton. This will be decisive for fourth place.”
Arsenal chairman Peter Hill-Wood, meanwhile, admits the board are “in the dark” over what US billionaire Stan Kroenke plans following the purchase of a 9.99% stake in the club from ITV.
Although none of the majority shareholders — which include vice-chairman David Dein and director Danny Fiszman — have suggested they would contemplate selling up, rumours of a full-blown takeover continue to circulate.
Hill-Wood said: “We are in the dark and I certainly have no idea of what his intentions are.”
KSE have a total stake in Arsenal of just over 11%, following an announcement on the Alternative Plus Market Exchange — where the club’s shares are listed.
Danny Fiszman sold off around 1%o of his holding last month, bought in Kroenke’s name.
Fiszman’s holding has been reduced to 24.11%. Were the Geneva-based tax exile, a lifelong Arsenal fan, to sell his entire holding to KSE, that would take the US company well over the 30% threshold needed to launch a formal takeover bid for the club.
KSE have an extensive sports portfolio in the US, with interests in American football franchise St Louis Rams, NBA side Denver Nuggets and the NHL’s Colorado Avalanche as well as Major League Soccer club Colorado Rapids, with whom Arsenal have an “innovative strategic relationship”.
But talk of a full-blown takeover at the Emirates Stadium still seems somewhat premature.
KSE executive vice president Paul Andrews said: “We do not ever speculate in relation to our investments, or future intentions.
“Arsenal is a great brand and we are excited to be part of that.”