FX.co ★ KHALISA | Gold, XAUUSD

Trading Journal Thursday, July 9, 2026 Market Analysis: XAUUSD

Good morning, fellow InvestSosial traders. I hope you're all doing well today, and yesterday's trading yielded a profit. May that good fortune continue for all of us. This morning, I'd like to share my analysis of gold, our favorite instrument. After several days of flat movement, XAUUSD's movement is beginning to show clearer signs. This is the condition we've been waiting for, allowing us to quickly clear our positions and pocket profits. Here's the complete analysis. Daily Time Frame: Bias Remains Bearish. The daily trend shows that gold is currently trending bearish. This is evident from the price falling back below the Middle Bollinger Band and remaining below the 50-day Exponential Moving Average. Although the MACD histogram is currently above the signal line, the pressure is weakening and approaching the signal line. If a breakout below the signal line occurs, there will be confirmation from the three indicators I use. All three will provide a strong bearish or bearish signal. Under these conditions, the daily timeframe is more suitable for seeking selling opportunities. The supply area at 4,190 is a crucial level. During the previous rally, the price was unable to break through this area and instead experienced a sharp decline to 4,025. The closing of the last candle was also dominated by selling from sellers. With this structure, the same sentiment has the potential to repeat itself today. This means that the put option remains the most relevant option, given the daily trend direction. H4 Time Frame: Confirming a Down Signal First On the 4-hour chart, a new supply area has formed at 4,100. This area emerged from a bearish engulfing pattern on the H4, which is a fairly valid supply pattern. If the price rises back to this area, it would be a good time to look for selling opportunities, especially if a rejection occurs. The technical conditions on the H4 are even more solid. The price is below the 50-day moving average (EMA) and the middle Bollinger band. Furthermore, the MACD histogram has moved below the zero line and the signal line. Unlike the daily time frame, the H4 time frame actually gave a down signal first. This can be used for short-term sell trades. *Conclusion and Trading Plan* Based on the above analysis, it can be concluded that the gold commodity, or XAUUSD, is currently in a downtrend or bearish trend. Therefore, my trading plan is: Option: SELL Entry: Price range 4,100 Stop Loss: Level 4,210 Target Profit: Level 3,950 I hope this analysis helps you in making trading decisions today. Prioritize money management and trade according to your plan.