——Market Narrative
Following the Federal Reserve's interest rate decision and Jerome Powell’s hawkish stance, Gold (XAU/USD) has shown a massive bearish expansion, breaking through psychological levels and internal market structure. The bias is now clearly Bearish as the market hunts for deeper liquidity pools.
Technical Setup (SMC Breakdown)
• HTF Confluence: We are looking at a 1H Fair Value Gap (FVG) that needs to be partially mitigated.
• Point of Interest (POI): My entry zone is the 5M Order Block (OB) at $4,840. This level acted as the origin of the last aggressive push that cleared the Equal Lows (EQL).
• The Inducement: I am expecting a corrective retracement (low volume) to sweep the internal liquidity before the next leg down.
• Liquidity Targets: The primary goal is the Sell-Side Liquidity (SSL) resting at $4,755, with a final target at $4,735.
— Trade Parameters
• Entry: $4,840.00 (Wait for the sweep/rejection)
• Stop Loss (SL): $4,867.00 (Structural invalidation)
• Take Profit 1 (TP1): $4,811.00 (Weak Low) -> Move SL to BE
• Take Profit 2 (TP2): $4,783.00
• Final Target (TP3): $4,755.00 / $4,735.00
• Risk/Reward (R/R): 1:3.7. Good luck traders
Following the Federal Reserve's interest rate decision and Jerome Powell’s hawkish stance, Gold (XAU/USD) has shown a massive bearish expansion, breaking through psychological levels and internal market structure. The bias is now clearly Bearish as the market hunts for deeper liquidity pools.
Technical Setup (SMC Breakdown)
• HTF Confluence: We are looking at a 1H Fair Value Gap (FVG) that needs to be partially mitigated.
• Point of Interest (POI): My entry zone is the 5M Order Block (OB) at $4,840. This level acted as the origin of the last aggressive push that cleared the Equal Lows (EQL).
• The Inducement: I am expecting a corrective retracement (low volume) to sweep the internal liquidity before the next leg down.
• Liquidity Targets: The primary goal is the Sell-Side Liquidity (SSL) resting at $4,755, with a final target at $4,735.
— Trade Parameters
• Entry: $4,840.00 (Wait for the sweep/rejection)
• Stop Loss (SL): $4,867.00 (Structural invalidation)
• Take Profit 1 (TP1): $4,811.00 (Weak Low) -> Move SL to BE
• Take Profit 2 (TP2): $4,783.00
• Final Target (TP3): $4,755.00 / $4,735.00
• Risk/Reward (R/R): 1:3.7. Good luck traders
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.