XAUUSD continues to respect its bullish market structure after delivering multiple Breaks of Structure (BOS), confirming that buyers remain in control of the short-term trend. The recent impulsive rally has been followed by a controlled consolidation beneath the latest swing high, while price continues to hold above the newly formed Fair Value Gap (FVG), signaling that institutional demand remains intact.
Rather than showing signs of weakness, the current pullback appears to be a healthy retracement within the prevailing uptrend. From a Smart Money perspective, price is revisiting the upper FVG, a key area where institutions may seek to rebalance inefficiencies and accumulate additional long positions before continuing higher.
The projected scenario suggests a temporary dip into the highlighted FVG to mitigate the imbalance and collect resting liquidity. If buyers defend this zone with strong bullish confirmation, the market could resume its upward expansion, targeting the recent highs before attempting a breakout toward the external liquidity resting above 4200.
However, traders should also remain aware of the alternate scenario. A decisive breakdown below the highlighted FVG would weaken the immediate bullish momentum and increase the probability of a deeper retracement toward the lower imbalance zones around 4075–4105, where stronger institutional demand may re-enter the market.
For now, the overall market structure continues to favor buyers. As long as price respects the highlighted FVG and maintains higher lows, the bullish trend remains intact, with the current consolidation appearing to be preparation for the next impulsive move higher.
Key Levels to Watch:
Immediate Resistance: 4185–4200
Key FVG Support: 4145–4160
Major Demand Zone: 4075–4105
Disclaimer: This analysis reflects my personal market view based on Smart Money Concepts (SMC), market structure, liquidity, and current price action. It is intended for educational purposes only and should not be considered financial advice. Always wait for confirmation and apply proper risk management before entering any trade.
Rather than showing signs of weakness, the current pullback appears to be a healthy retracement within the prevailing uptrend. From a Smart Money perspective, price is revisiting the upper FVG, a key area where institutions may seek to rebalance inefficiencies and accumulate additional long positions before continuing higher.
The projected scenario suggests a temporary dip into the highlighted FVG to mitigate the imbalance and collect resting liquidity. If buyers defend this zone with strong bullish confirmation, the market could resume its upward expansion, targeting the recent highs before attempting a breakout toward the external liquidity resting above 4200.
However, traders should also remain aware of the alternate scenario. A decisive breakdown below the highlighted FVG would weaken the immediate bullish momentum and increase the probability of a deeper retracement toward the lower imbalance zones around 4075–4105, where stronger institutional demand may re-enter the market.
For now, the overall market structure continues to favor buyers. As long as price respects the highlighted FVG and maintains higher lows, the bullish trend remains intact, with the current consolidation appearing to be preparation for the next impulsive move higher.
Key Levels to Watch:
Immediate Resistance: 4185–4200
Key FVG Support: 4145–4160
Major Demand Zone: 4075–4105
Disclaimer: This analysis reflects my personal market view based on Smart Money Concepts (SMC), market structure, liquidity, and current price action. It is intended for educational purposes only and should not be considered financial advice. Always wait for confirmation and apply proper risk management before entering any trade.
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.
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.