Market Context
Gold is trading around $4,063 after breaking the short-term structure and printing a bullish BOS above the $4,040 area. The recovery followed an earlier MSS from the lower boundary of the descending channel, showing that buyers are gaining control of the intraday structure.
Price is now approaching the old high liquidity at $4,073.649. Rather than chasing the current move, the cleaner opportunity would be a controlled pullback into the Bullish FVG around $4,020–$4,028, where displaced price action could provide support.
SMC View
The MSS marked the first shift away from the previous bearish sequence, while the recent BOS confirmed bullish continuation. The Bullish FVG below price is the main decision zone because it represents the imbalance created during the breakout.
A retracement into this area would allow price to rebalance before targeting the liquidity above. Buyer control should be confirmed through bullish rejection followed by a lower-timeframe MSS, CHOCH or a clean reclaim of the FVG.
Main Trading Scenario
Condition:
Gold pulls back into the $4,020–$4,028 Bullish FVG and forms a clear bullish rejection. A lower-timeframe bullish MSS or CHOCH is required before entry.
Entry: $4,020–$4,028 after bullish confirmation
SL: Below $4,000 and the FVG reaction low
TP1: $4,073.649
TP2: $4,103.844
TP3: $4,135.068
Key Zones to Watch
Current price: $4,063
Bullish FVG: $4,020–$4,028
Old high liquidity: $4,073.649
Internal high: $4,103.844
Main target: $4,135.068
Invalidation: Acceptance below $4,000
Confirmation: Bullish rejection with MSS or CHOCH
Prime Gold View
The buy bias remains valid while Gold holds above the Bullish FVG and maintains the recent BOS. The preferred plan is to wait for a pullback into $4,020–$4,028 rather than chase price near the first liquidity target.
If buyers defend the FVG, price could expand toward $4,073.649, followed by $4,103.844 and $4,135.068. Acceptance below $4,000 would weaken the current bullish setup.
No confirmation, no trade.
Note
Gold followed the bullish plan cleanly after holding above the Bullish FVG and confirming continuation through BOS. Price first cleared the Old High BSL at $4,074.288, then expanded through the Internal High at $4,104.042.The move has now reached the Major HTF BSL area near $4,134.478, completing the main upside objective from the previous setup. At this stage, chasing new entries is less favorable. The next focus is whether price can hold above $4,104 and build acceptance near the current high.
Trade closed: target reached
Gold followed the bullish plan cleanly after holding above the Bullish FVG and confirming continuation through BOS. Price first cleared the Old High BSL at $4,074.288, then expanded through the Internal High at $4,104.042.
The move has now reached the Major HTF BSL area near $4,134.478, completing the main upside objective from the previous setup. At this stage, chasing new entries is less favorable. The next focus is whether price can hold above $4,104 and build acceptance near the current high.
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.