Gold with No Drama

Wave 4 was done, and now wave 5

Hi sonic what's that indicator that you using its like Fibonacci

Patience is key here for a good drive down

If you use Eliot wave theory, i don't think wave 4 done yet bro. But let's see if your 4 can hold. If it can, than it is the confirmation.
It just need to hold, 4 and break 3.

4 can become 2, and 1 and 3 can become 1.It is depend on how you draw the time.

Short, target 4070.

completly agree...

finally someone i agree with, ive got 4072 just incase it taps wick and reverses - be surprised the amount of times it hits the wick and not the body

breaking 4128 will open the door...

Finally 4125 hit

chanel broked, expected waterfall, hope it will touch 4104 asap now

XAU/USD at the current market price of 4143 prioritizes a bearish continuation from minor supply while watching for a breakout confirmation if buyers push above recent intraday highs. The slight upside drift to 4143 brings the price closer to the key daily decision zone.

Key Technical Levels for 07 July 2026

 

1. Critical Resistance (Session Cap): 4200
2. Immediate Resistance (Supply Zone): 4148 – 4160
3. Pivot Zone (Current Price): 4143
4. Immediate Support (Demand Floor): 4122 – 4128
5. Major Support (Trend Floor): 4091 – 4100

Scenario A: Bearish Rejection from Supply (Preferred Strategy)
Despite the small bump to 4143 from 4125, the broader 4-hour market structure remains bearish. Sellers are looking to defend the area just above current prices.

1. Trigger: A clear 15-minute rejection candle (pin bar or engulfing) inside the immediate resistance zone.
2. Execution Zone: Short entries between 4148 – 4158.
3. Stop Loss (SL): Set strictly above 4170 (protecting above structural lower highs).
4. Take Profit (TP):
   1. TP1: 4130 (Current pivot baseline)
   2. TP2: 4122 (Immediate support floor)
   3. TP3: 4100 (Major structural target)

Scenario B: Bullish Momentum Breakout
With the price sitting at 4143, a sudden surge in buying volume that clears the minor resistance could flip the intraday bias to bullish.

1. Trigger: A sustained 15-minute candle close above 4160, followed by a successful retest of that level as support.
2. Execution Zone: Long entries on the retest between 4160 – 4165.
3. Stop Loss (SL): Set cleanly below 4148.
4. Take Profit (TP):
   1. TP1: 4180
   2. TP2: 4195
   3. TP3: 4200 (Major psychological barrier)

Scenario C: Buying the Support Floor
If the price bypasses Scenario B and drops heavily from 4143, look to buy the extreme lows of the day's range.

1. Execution Zone: Long entries between 4122 – 4128.
2. Stop Loss (SL): Set below 4105.
3. Take Profit (TP): 4145 / 4160.

Intraday Risk Management

1. Position Sizing: Limit total session risk to 1% – 2% of total account equity.
2. Break-Even Rule: Move stop losses to entry price as soon as XAU/USD moves 150–200 pips ($1.50 - $2.00) in profit to protect capital.
3. Market Sentiment: The push to 4143 shows short-term buying pressure. Do not force a short entry until clear bearish price action develops at the 4148–4160 resistance zone.

Trade Smartly Guys

@HumanAI

bias is on the short side especially after rejection to breakout from May's downtrend.

Buyer exhaustion on 15M.

Can see a retrace then pullback.

Gold remains bearish after breaking below the ascending trendline and confirming a BOS around the 4130 area. Price is now trading beneath the previous intraday support showing that sellers are still in control. As long as price stays below the broken structure and fails to reclaim the 4140-4150 zone the downside bias remains intact. The next likely move is a continuation toward the lower demand area around 4100 with the potential to extend toward 4060 if bearish momentum accelerates.

Key Levels to Watch
- Resistance: 4137, 4158, 4180, 4200
- Support: 4122, 4106, 4082, 4067

im in the money after sitting in a drawdon since thursday....could i have timed the entry better?....sure...but i was gona hold over the weekend no matter what so wasnt that big a deal except the mild annoyance factor

stock market was closed on friday and asians took advantage of us fat americans gettin drunk for independence day ...i didnt think theyd have the balls to push up price like they did but now all of last week will get retraced since it was such low volume week

the retrace has started...never trust a move made during an american holiday that lasts a week LOL

thanksgiving will be the same ill just wait till the last possible moment before i enter a trade then

i didnt mention in the chart but if price reverses and closes the day above that upper line ill close and take a loss and go long but i doubt that will happen

.,..,