——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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.