Gold is trading around $4,167 after recovering strongly from the lower liquidity area. Price is now testing the short-term descending trendline, so the market may first create a pullback before the next bullish continuation attempt.
From an SMC perspective, gold has already swept the lower liquidity twice and created a recovery structure from the bottom. The current move is approaching a trendline reaction area, so an early-week rejection is possible. However, as long as price holds above the $4,095–$4,101 FVG buy zone, the recovery structure can still remain valid.
The main plan for the beginning of the week is to avoid chasing gold at the current price. If price rejects from the trendline area, gold may first pull back toward the $4,095–$4,101 buy zone. This zone is the key area where buyers may defend the structure before pushing price back toward $4,269, $4,283 and the strong liquidity area around $4,382.
Sell scalping setup
Condition:
Gold rejects from the descending trendline area around the current price and fails to break above the short-term resistance.
Entry: $4,167–$4,195 after bearish rejection
SL: above $4,230
TP1: $4,120
TP2: $4,095–$4,101
TP3: $4,029
Buy setup 1
Condition:
Gold pulls back into the FVG buy zone around $4,095–$4,101 and forms bullish rejection with lower timeframe MSS / CHOCH.
Entry: $4,095–$4,101
SL: below $4,029
TP1: $4,167
TP2: $4,269
TP3: $4,283
TP4: $4,382
Buy setup 2
Condition:
If gold breaks above the descending trendline and retests it as support, bullish continuation remains valid without waiting for a deep pullback.
Entry: above $4,195 after breakout retest
SL: below $4,120
TP1: $4,269
TP2: $4,283
TP3: $4,382
Sell setup
Condition:
Selling is not the main priority after a deep pullback. A stronger sell setup is only valid if gold reaches the $4,269–$4,283 FVG sell scalping zone and shows clear bearish rejection.
Entry: $4,269–$4,283 after rejection
SL: above $4,330
TP1: $4,195
TP2: $4,167
TP3: $4,095–$4,101
Key levels
Current price area: $4,167
Short-term trendline resistance: $4,167–$4,195
FVG buy zone: $4,095–$4,101
Sell-side liquidity: $4,029
FVG sell scalping zone: $4,269–$4,283
Strong liquidity: $4,382
Higher FVG resistance: $4,420–$4,455
Bullish continuation confirmation: clean break above $4,195
Bullish target confirmation: clean break above $4,283
Bullish invalidation: clean 2H close below $4,029
My current view is that gold may drop first at the beginning of the week before building another bullish recovery. The Prime Gold plan is to wait for price to pull back into the FVG buy zone around $4,095–$4,101, confirm bullish reaction, then follow the move toward the upper liquidity zones.
No confirmation, no trade.
Gold · SMC · 5+ years. t.me/+R38arB9C3aJhMWZl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+R38arB9C3aJhMWZl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+R38arB9C3aJhMWZl
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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.
Gold · SMC · 5+ years. t.me/+R38arB9C3aJhMWZl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+R38arB9C3aJhMWZl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+R38arB9C3aJhMWZl
Related publications
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.