FX.co ★ KHALISA | Gold, XAUUSD

Trading Journal Monday, July 6, 2026 XAUUSD Market Analysis

Hello, good morning fellow traders. I hope we are all enthusiastic about welcoming the market opening at the start of this week. I hope every opportunity that arises can be capitalized on to achieve optimal trading results. This time, I'll return to discussing the movement of gold (XAUUSD). Although current market volatility isn't particularly high, that doesn't mean trading opportunities aren't available. In fact, in conditions like these, we need to be more patient and disciplined in waiting for confirmation to avoid missing out on momentum when prices begin to move more strongly. Starting from the daily timeframe, the current price increase is still being held back in the supply area around 4,182. Nevertheless, the price has managed to move and remain above the middle Bollinger Band, indicating that buying pressure from buyers is beginning to dominate. This signal is also reinforced by the MACD indicator, where the histogram has moved above the signal line and continues to show a consistent increase. This condition reflects that buying momentum is still stronger than selling pressure from sellers. If this momentum can be maintained, there is a chance for the price to continue rising towards the daily supply area around 4,310, which is also close to the 50-day exponential moving average (EMA) as the next target area. Meanwhile, on the H4 timeframe, the price movement hasn't moved far from the previous closing price and is still stuck in the resistance area around 4,183. However, if we look at the direction of the Bollinger Bands, there is still upside potential as long as the price can penetrate and break out above the 4,200 level. If this scenario occurs, the opportunity for an increase towards the 4,310 area will be even greater. Furthermore, the price, currently above the Middle Bollinger Band and the 50-day EMA, also confirms that the short-term trend remains bullish. The MACD indicator is also still moving above the signal line and above the zero line, providing additional support for a potential continuation of the uptrend. Based on the analysis on both timeframes, I conclude that the probability of a bullish movement still outweighs the potential for a bearish movement. Therefore, my trading plan at the beginning of this week was to look for buy opportunities around the 4,140 area if the price corrects. The profit target is around 4,310, while the stop-loss is placed below the support area of 4,027 as a precautionary measure in case the planned scenario does not go as expected. We hope this trading plan works out well. Maintain discipline, patiently wait for confirmation, and implement sound money management to safeguard your capital over the long term. Happy trading, and may we all achieve maximum results. See you in the next analysis update.