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ゴゴ太郎
07/22/2026 22:56
Release： 07/22/2026 22:56
Update： 07/22/2026 22:56
ゴゴ太郎
Investment style : Day Trade
Investment career : 5-7 years
Investment amount : 50 million - 100 million JPY
My name is Gogo Taro. I am a part-time trader specializing in GOLD (XAUUSD). While working as a company employee, I have practiced rule-based trading for over five years. In the first few years I moved by emotion and incurred losses, but after I committed to "enter with a basis and protect with rules," the results changed. Every day at lunchtime, I post GOLD market analyses. Instead of difficult theory, I keep it simple with "where to enter today." I strive to make the basis understandable even for beginners. Let's build up trades with solid justification together.
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[7/23] "The return becomes the next entrance."

If it were in my old self, I would have jumped in even in the high-price range when I saw this kind of uptrend.
Now it’s different. I’ll explain the reasons today.

Today's Market Situation

Today’s GOLD is around $4,119. After rising toward the previous day’s high near $4,163, it has shown a slight pullback. The 1-hour EMA20 (short-term moving average) is trending upward, and the uptrend continues. The RSI (an indicator showing overbought/oversold) has settled around 50 on the 1-hour chart, and around 41 on the 15-minute chart. In short, the momentum of the rise is being maintained, but the overheating is temporarily easing.

Gogo Taro’s Perspective

This article is personal analysis and does not constitute investment advice or solicitation. Please make your own trading decisions at your own risk.
I am viewing this trend with a somewhat bullish bias. If a rebound can be confirmed near the 1-hour EMA75 (around $4,083), I believe the rise is likely to continue. Conversely, if it clearly breaks below that level toward the previous day’s low, I will shift to viewing that as a sign that the upward momentum has weakened.
In the past, I would often jump in at high prices during such uptrends and end up with a loss as it pulled back. Now I’ve decided to wait for a return to a support line before making judgments.

Today’s Reference Line

Buying on Dips
Reference Zone: $4,078–$4,088 (Basis: 1-hour EMA75)
Reference Take-Profit Line: $4,160 / Reference Stop-Loss Line: $4,045
Assumed Risk-Reward: 2.0
Regarding breakout buys, since a clear upper target cannot be calculated from the input values, I will refrain from commenting.
*These are educational reference values. Please make actual trading decisions yourself.

Important Lines

Resistance ①: $4,125 (Basis: 1-hour EMA20)
Resistance ②: $4,165 (Basis: previous day’s high)
Support ①: $4,085 (Basis: 1-hour EMA75)
Support ②: $4,065 (Basis: previous day’s low)
1-hour EMA200: $4,065 (noted as major support)

A Word for Today

“Dips are a time for confirmation, not for haste.”

This article is personal analysis and does not constitute investment advice or solicitation. Please make your own trading decisions at your own risk.
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