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Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset

104 by SIMONCSABA
10.08.2026 ### Why Gold Could Move Lower This Week

Gold begins the week following a very strong rally of approximately 7%. The price climbed rapidly from around 4,030 to above 4,330, leaving a considerable distance between its current level and the lower areas where buyers and sellers previously conducted most of their trading.

Such a strong rally does not automatically mean that gold must fall. However, if buyers fail to keep the price above the 4,330–4,375 range, the market may move lower in search of stronger support.

An important factor is that relatively little trading occurred during certain phases of this advance. If gold begins falling through these areas, there may not be sufficient buying interest to slow the decline. This could lead to a faster correction toward 4,287, followed by the 4,125 region.

If selling pressure intensifies, gold could eventually return to the 4,060–4,030 region, where considerably more trading activity previously occurred. However, such a decline should be viewed as a secondary scenario rather than an immediate expectation.

Wednesday’s US inflation report could provide the necessary catalyst. Higher-than-expected inflation could push US Treasury yields and the dollar higher, placing downward pressure on gold. Conversely, softer inflation and continued dollar weakness would reduce the likelihood of the bearish scenario.

Therefore, the argument is not simply that gold has risen too far. The essential question is whether buyers can sustain these higher prices. If they cannot—and gold breaks below 4,287 and remains there—the market could begin a deeper correction toward the lower regions where stronger support previously developed.

**Disclaimer:** This material is provided for informational and educational purposes only. It does not constitute trading advice, financial advice or investment advice. Trading financial instruments involves significant risk and may result in the partial or complete loss of invested capital. Every individual is responsible for their own financial decisions.
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Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset

105 by kiarafxgold
Gold (XAU/USD) – Intraday Technical Setup

Summary: Gold is showing a bullish intraday setup after buyers defended the 4,337–4,340 support zone, where short-term moving averages aligned with prior price structure to hold the pullback.

Analysis:
Price pulled back into the 4,337–4,340 area before finding demand, with the chart showing a clear recovery off the intraday low — a sign buyers were actively defending this level rather than allowing a deeper breakdown. Price is now working back toward the 4,350–4,355 intraday resistance/volume zone.

Levels:
📍 Support: 4,337–4,340
📍 First target: 4,353 (intraday resistance/volume area)
📍 Extended target: 4,365 (upper resistance/supply zone) — valid on a sustained break above 4,353
📍 Invalidation: A failure to hold 4,337–4,340 would weaken the setup and expose 4,330–4,320

Trade Logic: Support rejection + bullish recovery + price holding above short-term moving averages.

Bias: Bullish intraday, contingent on 4,340 holding as support. 4,353 serves as the first confirmation level, with 4,365 as the extended target on continuation.

⚠️ This analysis is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell. Trading gold and FX carries substantial risk of loss — always conduct your own due diligence.
SIMONCSABA wrote: Mon Aug 10, 2026 11:16 am 10.08.2026 ### Why Gold Could Move Lower This Week

Gold begins the week following a very strong rally of approximately 7%. The price climbed rapidly from around 4,030 to above 4,330, leaving a considerable distance between its current level and the lower areas where buyers and sellers previously conducted most of their trading.

Such a strong rally does not automatically mean that gold must fall. However, if buyers fail to keep the price above the 4,330–4,375 range, the market may move lower in search of stronger support.

An important factor is that relatively little trading occurred during certain phases of this advance. If gold begins falling through these areas, there may not be sufficient buying interest to slow the decline. This could lead to a faster correction toward 4,287, followed by the 4,125 region.

If selling pressure intensifies, gold could eventually return to the 4,060–4,030 region, where considerably more trading activity previously occurred. However, such a decline should be viewed as a secondary scenario rather than an immediate expectation.

Wednesday’s US inflation report could provide the necessary catalyst. Higher-than-expected inflation could push US Treasury yields and the dollar higher, placing downward pressure on gold. Conversely, softer inflation and continued dollar weakness would reduce the likelihood of the bearish scenario.

Therefore, the argument is not simply that gold has risen too far. The essential question is whether buyers can sustain these higher prices. If they cannot—and gold breaks below 4,287 and remains there—the market could begin a deeper correction toward the lower regions where stronger support previously developed.

**Disclaimer:** This material is provided for informational and educational purposes only. It does not constitute trading advice, financial advice or investment advice. Trading financial instruments involves significant risk and may result in the partial or complete loss of invested capital. Every individual is responsible for their own financial decisions.
These users thanked the author kiarafxgold for the post:
SIMONCSABA
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