Aug 5, 2026 - XAUUSD Analysis and Potential Opportunity
📊 Summary:
Gold is currently trading within a broad consolidation range between 4020 and 4120. While price remains inside this range, the preferred approach is to sell near resistance and buy near support.
For now, 4075 serves as the key bullish/bearish pivot. Below 4075, bears have the advantage, and the preferred strategy is to sell pullbacks where resistance holds. Above 4075, bullish momentum begins to emerge, shifting the strategy to buying pullbacks where support holds. However, keep a close eye on the 4085 resistance. Only a break and hold above 4085 would further strengthen bullish momentum.
🔍 Key Levels to Watch:
• 4106 – Resistance
• 4094 – Resistance
• 4085 – Resistance
• 4075 – Bullish/Bearish Pivot
• 4061 – Support
• 4045 – Support
• 4030 – Support
📈 Intraday Strategy:
SELL: If price breaks below 4075 → target 4071, with further downside toward 4068, 4065, 4061
BUY: If price holds above 4085 → target 4089, with further upside toward 4094, 4100, 4105
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!