New version:
After a significant drop in gold prices, we're starting to notice some encouraging signs of a bullish trend taking shape. The price has bounced off the 3145–3160 demand zone several times, hinting at possible accumulation. The recent candle patterns are showing higher lows, and it looks like buyers are stepping in to protect the liquidity just below 3160.
This setup is all about price action, liquidity sweeps, and structural changes. The 3160 zone is a crucial decision point where we expect buyers to take charge. It also coincides with a previous imbalance fill and a short-term order block.
Right now, this phase presents a great risk-to-reward opportunity for bulls, as long as the stop loss at 3145 holds firm.
Entry: 3160
Stop Loss: 3145 (just below the liquidity sweep and order block)
Targets:
TP1: 3180 (a minor resistance / reaction zone)
TP2: 3196 (liquidity above the last high)
TP3: 3208 (a key breakout target zone)
After a significant drop in gold prices, we're starting to notice some encouraging signs of a bullish trend taking shape. The price has bounced off the 3145–3160 demand zone several times, hinting at possible accumulation. The recent candle patterns are showing higher lows, and it looks like buyers are stepping in to protect the liquidity just below 3160.
This setup is all about price action, liquidity sweeps, and structural changes. The 3160 zone is a crucial decision point where we expect buyers to take charge. It also coincides with a previous imbalance fill and a short-term order block.
Right now, this phase presents a great risk-to-reward opportunity for bulls, as long as the stop loss at 3145 holds firm.
Entry: 3160
Stop Loss: 3145 (just below the liquidity sweep and order block)
Targets:
TP1: 3180 (a minor resistance / reaction zone)
TP2: 3196 (liquidity above the last high)
TP3: 3208 (a key breakout target zone)
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.