FX.co ★ KHALISA | XAU/USD

Trading Journal, Monday, August 3, 2026, XAUUSD Market Analysis. Hello, good afternoon, fellow Invest Social traders everywhere. I hope you are all staying healthy, enthusiastic, and achieving the best trading results. I'm back again to share my daily journal containing technical analysis on the movement of gold (XAUUSD)

Looking at current market conditions, gold's movement still hasn't shown a truly strong trend. Prices tend to move in a consolidation or sideways phase after experiencing a previous prolonged decline. In my observation, this condition occurs because the price has entered the demand area on the weekly timeframe, so selling pressure is starting to ease. On the other hand, indications are starting to emerge that market participants, particularly buyers, are accumulating in preparation for a longer-term movement. However, we still need valid confirmation before concluding that the trend has truly reversed. On the daily timeframe, the Bollinger Bands indicator appears to be flattening, indicating that the market is in a sideways condition. The price has also moved above and below the middle Bollinger Band several times, indicating that the strength of buyers and sellers remains relatively balanced. Nevertheless, there is a positive signal from the MACD indicator, with its histogram continuing to rise and indicating increasing buying momentum. This indicates that buyer pressure is starting to increase and has the potential to form a long-term reversal pattern. However, this signal will only be considered valid if the price breaks through the supply area around 4,200 or successfully breaks above the 50-day exponential moving average (EMA) on the daily timeframe. Meanwhile, on the H4 timeframe, an uptrend is starting to emerge, although its strength is still limited. The price is currently above the middle Bollinger Band and above the 50-day EMA, indicating that buyers are beginning to take control in the short term. Furthermore, the MACD histogram has also successfully broken through the signal line and is above the zero line. This indicates that bullish momentum is strengthening and opens the opportunity for the price to continue rising towards the nearest resistance area around 4,118. With the market still in a consolidation phase, I recommend waiting for stronger confirmation before opening a long-term position. However, for day traders, movement within the range can still be exploited as a trading opportunity. The support area is around 4,000, while the supply or resistance area is around 4,120. As long as the price remains above the middle Bollinger Band, a buy opportunity around 4,070 remains attractive, with a stop-loss position below 4,000 and a profit target around 4,120. If the price manages to break through the supply area of 4,200 with strong momentum, the likelihood of a long-term bullish trend will increase, so the dominant strategy is to look for buy opportunities following the trend. That concludes my analysis for today. I hope this journal can serve as additional reference material and discussion material for everyone. Always prioritize risk management, adhere to your trading plan, and remember to always wait for confirmation before making any trading decisions. I hope this is helpful, and happy trading.