Gold is trading around $4,128 after forming a short-term correction from the upper reaction zone. The main structure remains bullish because price is still holding above the rising trendline and the recent market structure continues to show multiple CHOCH and BOS signals to the upside.
From an SMC perspective, gold has already shifted from the previous bearish leg into a recovery structure. The current movement looks more like accumulation and correction rather than a confirmed bearish reversal. Price is now moving inside a smaller descending correction, and this accumulation phase may continue until the US session before the next stronger move appears.
The main zone to watch is the $4,100–$4,110 buy zone test liquidity. This area is important because it sits below the current price, aligns with the correction structure, and may act as the final liquidity test before buyers attempt to push gold higher again. As long as price holds above this zone, the bullish recovery structure remains valid.
Buy setup 1
Condition:
Gold pulls back into the $4,100–$4,110 buy zone test liquidity and forms bullish rejection with lower timeframe MSS / CHOCH.
Entry: $4,100–$4,110
SL: below $4,080
TP1: $4,150
TP2: $4,175–$4,190
TP3: $4,220
TP4: $4,280
Buy setup 2
Condition:
If gold breaks above the short-term descending correction line and retests it as support, bullish continuation remains valid without waiting for a deeper pullback.
Entry: above $4,150 after breakout retest
SL: below $4,120
TP1: $4,175–$4,190
TP2: $4,220
TP3: $4,280
Sell scalping setup
Condition:
Selling is not the main priority. A sell scalp is only valid if gold reaches the $4,175–$4,190 OB sell scalping zone and shows clear bearish rejection.
Entry: $4,175–$4,190 after rejection
SL: above $4,210
TP1: $4,150
TP2: $4,128
TP3: $4,100–$4,110
Key levels
Current price area: $4,128
Main buy zone test liquidity: $4,100–$4,110
Short-term FVG reaction zone: $4,150–$4,160
OB sell scalping zone: $4,175–$4,190
Buy-side liquidity: $4,220
Main bullish target: $4,280
Bullish continuation confirmation: clean break above $4,150
Stronger bullish confirmation: clean break above $4,190
Bullish invalidation: clean 2H close below $4,080
My current view is that gold remains in a bullish structure, but the market may continue to accumulate before the US session. The Prime Gold plan is to avoid chasing price in the middle range and wait for either a pullback into $4,100–$4,110 or a clean breakout above the correction line before looking for buy confirmation. As long as the buy zone holds, the priority remains buying toward $4,175, $4,220 and potentially $4,280.
No confirmation, no trade.
Trade active
Gold is following the logic of a bullish scenario.
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
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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.