This is a smart risk-reward setup on Gold (XAUUSD) using structural breaks and liquidity zones.
We see multiple Breaks of Structure (BOS) and Change of Character (CHOCH) formations indicating shifts in trend sentiment. Recent CHOCH at resistance suggests a potential continuation lower before a bullish move.
A strong demand zone aligns with the 2900 psychological level, reinforced by previous rejections and fair value gaps. Buyers are expected to step in around this area.
\A buy setup above 2900 with a stop below liquidity pockets and targets near 2945–2950 aligns with institutional footprints. Weak highs indicate upside inefficiencies yet to be filled.
The setup is backed by key order blocks, Fibonacci retracement zones, and EMA support, providing a solid case for a high-probability long position.
#XAUUSD #GoldLong #SmartMoneyConcepts #SMC #Liquidity #FearValueGap
We see multiple Breaks of Structure (BOS) and Change of Character (CHOCH) formations indicating shifts in trend sentiment. Recent CHOCH at resistance suggests a potential continuation lower before a bullish move.
A strong demand zone aligns with the 2900 psychological level, reinforced by previous rejections and fair value gaps. Buyers are expected to step in around this area.
\A buy setup above 2900 with a stop below liquidity pockets and targets near 2945–2950 aligns with institutional footprints. Weak highs indicate upside inefficiencies yet to be filled.
The setup is backed by key order blocks, Fibonacci retracement zones, and EMA support, providing a solid case for a high-probability long position.
#XAUUSD #GoldLong #SmartMoneyConcepts #SMC #Liquidity #FearValueGap
Trade active
100 pips, SL at BE
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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.