Gold continues its historic rally. We are currently tracking a clear bullish structure based on Smart Money Concepts (SMC):
• Entry Zone: Looking for a retracement to the 15m Order Block (OB) at $4,765.
• Confluence: There is a 1H FVG (Fair Value Gap) that price needs to rebalance before continuing its expansion.
• Targets: Three Take Profit levels, with a final target at $4,880.
• Risk Management: Risk/Reward ratio of 1:3. Stop Loss protected below structural support.
• Entry Zone: Looking for a retracement to the 15m Order Block (OB) at $4,765.
• Confluence: There is a 1H FVG (Fair Value Gap) that price needs to rebalance before continuing its expansion.
• Targets: Three Take Profit levels, with a final target at $4,880.
• Risk Management: Risk/Reward ratio of 1:3. Stop Loss protected below structural support.
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