Aug 6, 2026 - XAUUSD Analysis and Potential Opportunity
š Summary:
Bullish momentum remains very strong. This is one of the most difficult environments to tradeāwhile a pullback is inevitable at some point, no one knows exactly when it will happen. Given the current price action, the best approach is to stay with the trend and buy pullbacks where support holds.
Based on the current structure, I would only begin to question the bullish momentum if price breaks below 4243. At that point, I would consider looking for short opportunities. However, selling remains the higher-risk trade until the trend clearly shifts.
š Key Levels to Watch:
⢠4325ā4330 ā Resistance
⢠4310 ā Resistance
⢠4293ā4296 ā Resistance
⢠4285 ā Resistance
⢠4270 ā Support
⢠4243 ā Bullish/Bearish Pivot
⢠4247ā4250 ā Support
⢠4225 ā Support
š Intraday Strategy:
SELL: If price breaks below 4243 ā target 4237, with further downside toward 4233, 4225, 4220
BUY: If price holds above 4285 ā target 4289, with further upside toward 4293, 4296, 4300
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!