📊 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:
Trend Context: Bullish (Wave C – expanding flat in larger correction)
Trend Context: 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)
Support:
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.
