XAUUSD 4H – Trader’s Take

2026-07-06

Price is at 4,153, stuck between 4,100 support and 4,200 resistance. That’s the box we’re trading in right now.

We rejected 4,514 hard. That was the top, and now we’re in a cooldown phase. The structure is compressing—lower highs, higher lows. That usually leads to a decent move once it breaks.

4,100 is the line. If that gives way, I expect 4,000 quickly. No bounce, just a flush.

Above 4,200, I’d look for a run toward 4,343–4,389. That’s where sellers are likely waiting again.

Bias is neutral until we get a clean break. I don’t trade ranges—I wait for the close outside with conviction.

Plan:
Long above 4,200, stop below 4,100, target 4,340.
Short below 4,100, stop above 4,200, target 4,000.
Nothing in between.