? XAUUSD INTRADAY ANALYSIS
January 6, 2026 | 4H Timeframe
? Session & Context
Instrument:
XAUUSD (Gold)
XAUUSD (Gold)
Timeframe:
4H
4H
Date/Session:
January 6, 2026 | Asia/London
January 6, 2026 | Asia/London
Trend Context:
Bullish (Wave C – expanding flat in larger correction)
Bullish (Wave C – expanding flat in larger correction)
? Current Structure
Wave Label: Wave C – Contracting Wedge Formation
Intraday Bias:
SELL 80%
XAUUSD forming tightening wedge on 4H. Upper resistance sloping DOWN, lower support sloping UP.
Price at 4,460 squeezed between 4,500 and 4,280. Compression signals imminent breakout within
3–5 candles. Macro Wave C bearish structure = 80% downside probability.
? Trade Zones & Levels
| Entry Zone(s) | 4,440 – 4,400 (breakout below wedge) |
| Stop Location | 4,500 (above upper wedge) |
| Targets | • Scalp: 4,420 | Main: 4,304 (0.618) | Extended: 4,280 |
? Key Support & Resistance
Resistance:
4,500 (wedge upper)
4477.768 (previous support)
4,500 (wedge upper)
4477.768 (previous support)
Support:
4,400 (wedge mid)
4,304 (0.618 Fib)
4,280 (wedge lower)
4,400 (wedge mid)
4,304 (0.618 Fib)
4,280 (wedge lower)
✅ Confluence Checklist
- ✓ Fibs / Levels: 0.618 (4,304) aligns with wedge target
- ✓ Trendlines: Wedge diagonal trendlines compressed
- ✓ Momentum: RSI at 52.57 (neutral) – volume spike expected
- ✓ Elliott Wave: Wave C (expanding flat) final leg active
⚙️ Execution Notes
Trigger: Clear close below 4,400 on 4H candle + volume spike
Management: Scale SHORT at 4,440, add on close below 4,400. Trail stop to 4,420 after 4,380. Take profit: 50% at 4,304, 50% at 4,280.
⚠️ RISK DISCLAIMER: This analysis is educational. Trading involves substantial risk. Not financial advice. Manage risk responsibly.