Gold Spot / U.S. Dollar
Long

XAU/USD: Buy on Pullback to FVG–OB 4.29x!

415
1. Context & Price Structure (H1)

• The price is moving within an accumulation/wyckoff range with a descending trendline above and clear support below.
• After a series of strong fluctuations, the market has shown ChoCH points indicating that the cash flow is "shifting" continuously, not yet a one-way trend.
• At the current time, the most reasonable bias is to wait for the price to pull back to the discount zone (FVG–OB) to find a BUY point according to the scenario of expanding to the liquidity zone above.

2. Key Levels on the Chart

• Resistance / Range High: 4,347.818 → peak of the range, where a sweep/false break is likely before deciding the direction.
• FVG – OB (Buy Zone): 4,290.899 – 4,279.641 → confluence zone "attracting price", prioritize watching for BUY when confirmed.
• Range Low / Support: 4,274.429 → bottom of the range, is the invalidation point for the BUY scenario if decisively broken.
• Current reference price: around 4,325.920 → currently in the middle of the range, not an optimal entry point.

3. Trading Plan (Captain Vincent – with clear conditions)
Main Scenario – BUY at FVG–OB 4.29x–4.27x (priority)

• Expect the price to pull back to 4,290 – 4,280 to fill FVG and retest OB.
• At the BUY zone, only activate when confirmed:

Clear wick candle on H1/M15.

Bullish engulfing or bullish ChoCH on M15.

Price reclaims 4,290 after a deep touch.

• BUY Zone: 4,290.9 – 4,279.6.
• Stop (safe by structure): below 4,274.4 (stop the scenario if H1 candle closes below the range bottom).
• Targets:

TP1: return to the middle of the range 4,325 – 4,330.

TP2: retest 4,347.8.

TP3 extension: if breaking and holding above 4,348 → expect a "run" to a higher zone following the arrow (area 4.38x–4.39x on the chart).

Alternative Scenario – BUY Breakout if clean break of 4,347.8

• If the price does not return to FVG–OB but breaks straight through 4,347.8 with a strong H1 candle and closes above it.
• Then prioritize waiting for a retest of 4,347.8 before BUY continuation.
• Aim to hold according to the scenario of expanding to a higher zone, avoid FOMO right at the breakout candle.

Defensive Scenario – If breaking 4,274.4

• If H1 closes below 4,274.4 and does not reclaim immediately.
• Then the BUY scenario from FVG–OB is invalidated, prioritize staying out waiting for a new structure (avoid bottom fishing).

4. Risk Management Notes

• Do not enter orders when the price is in the middle of the range (around 4.32x) because R:R is not attractive.
• Prioritize "right zone – right signal" at FVG–OB, do not enter orders just because the price touches the zone.
• With range trading, always prepare for a sweep scenario: react quickly, manage volume tightly.

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