FX.co ★ KHALISA | Gold, XAUUSD

XAU/USD H4 Analysis: Gold Remains Under Pressure as Sellers Target Lower Levels Hello fellow traders. Welcome back to this simple daily trading journal. I hope you're all doing well, continuing to have smooth trading, and maintaining consistency in achieving the best results in the market. As I always remind you, the key to trading isn't just profit-seeking, but also maintaining discipline in following a well-developed trading plan. With good risk management and controlled emotions, your chances of long-term survival are much greater. Today, I'm sharing a technical analysis of gold (XAU/USD). Seller pressure remains dominant, successfully maintaining the downward trend that has persisted for the past few weeks. The following is a discussion of the analysis. Starting from the daily timeframe, the bearish structure remains very clear. The price has successfully broken through the support area around 4025 and then managed to hold below the middle Bollinger Band, which is now trending downward. The price is also still below the 50- and 100-day moving averages, further reinforcing the indication that the main trend remains in a bearish phase. Furthermore, the MACD indicator also provides consistent confirmation, with the histogram still moving below the zero line and continuing to show quite strong downward momentum. The combination of these indicators suggests that selling pressure remains dominant, thus leaving a wide opportunity for the price to continue its short-term decline. Furthermore, if we look at the H4 timeframe, we can see that the price is undergoing an upward correction phase after previously breaking through the 4025 support area. This correction is also supported by the MACD histogram, which has successfully moved above the signal line, indicating increased buying pressure, although so far it remains only a correction within a larger downtrend. In my estimation, the price has the potential to continue rising towards the nearest supply area around 4121, or at least test the Middle Bollinger Band around 4040. If the rise continues, the next obstacle will be the 50-day Moving Average, which is also located around the 4121 supply zone. Therefore, this area is a very interesting zone to monitor as it has the potential to be an ideal location for sellers to re-enter the market. Based on the analysis on these two timeframes, I still believe that the primary trend for XAU/USD remains bearish. As long as there are no significant structural changes on the larger timeframe, selling opportunities remain the most relevant option to follow the direction of the ongoing trend. For today's trading plan, I will wait for the price to move towards the supply area around 4121 before looking for sell entry opportunities. I'm using a risk limit of around 500 pips, with a minimum profit target of 500 pips, so that the risk-reward ratio remains consistent with the established trading plan. This concludes my trading analysis journal for today. I hope this discussion can provide additional reference and discussion material for fellow traders. Stay disciplined, always prioritize risk management, and never force an entry without confirmation that it aligns with your trading plan. May we all be blessed with consistent trading results and continue to grow in the future.