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ゴゴ太郎
07/28/2026 22:55
Release： 07/28/2026 22:55
Update： 07/28/2026 22:55
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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【7/29】“Within the return, there is an answer.”

If I were my old self, I would have rushed to sell as soon as such a pullback occurred.
Now it’s different. I’ll share the reason today.

Today's Market Conditions


Today, GOLD is trading around $4,033. It fell from the previous high near $4,094 and slid to around the previous low near $4,011, then showed a slight rebound. The 1-hour EMA20 (short-term moving average) is trending downward, continuing the downside trend. The RSI (an indicator of overbought/oversold) is around 49 on the 1-hour chart and around 58 on the 15-minute chart, but the higher-timeframe momentum remains downward. In short, there is a short-term rebound, but the overall trend remains bearish.

GoTaro's View


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

I view this trend with a somewhat bearish bias. If the price currently near the 1-hour EMA20 (around $4,033) does not stop there and instead retraces back up toward the 1-hour EMA75 (around $4,054), I’ll be watching for a drop from that level. Conversely, if it clearly breaks above and holds above that level, I will shift to a stance that the decline has ended.

In the past, I have entered positions when the current price and a supporting line were too close, only to be swept into a stop-out. Now I always confirm there is a sufficient distance between the reference line and the price before acting.

Today’s Reference Lines


Sell on rallies
Reference zone: $4,050–$4,060 (basis: 1-hour EMA75)
Reference take-profit line: $4,015 ／ Reference stop-loss line: $4,070
Estimated RR: 2.6

Note: For the rally selling based on the nearby 1-hour EMA20, I’m omitting details since price and zone overlap. For breakouts, since a clear lower limit for take-profit cannot be derived from the input numbers, this is also omitted.
※ These are educational reference values. Actual trading decisions should be made by you.

Important Levels


Resistance ①: $4,033 (basis: 1-hour EMA20)
Resistance ②: $4,055 (basis: 1-hour EMA75)
Resistance ③: $4,095 (basis: previous day’s high)
Support ①: $4,010 (basis: previous day’s low)
1-hour EMA200: $4,060 (a break above this line accelerates on the upside)

A Word for Today


“Only from a distance does the basis take root.”

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