Price has been respecting market structure with multiple Breaks of Structure (BoS) and a confirmed Change of Character (ChoCh) from bearish to bullish. After sweeping a Buy Side Liquidity (BSL) and reacting off an Order Block (OB), price is currently consolidating above a bullish OB.
We're now at a decision point:
Bullish Scenario: If price holds this OB and shows a clear intent to push higher, we could target the previous highs near 3420+.
Bearish Scenario: If the OB fails and we get a clean break below the structure, I'm eyeing the next OB + FVG zone around 3315–3303 as the next point of interest.
Price action inside this range will confirm the next move. Keep an eye on rejections and reaction from the OB zone to decide entry.
🧠 Marked levels:
OBs, FVGs, BSL, IDM block
Key structural breaks (BoS, ChoCh)
Bias remains neutral-to-bullish until OB fails
📌 Wait for confirmation before entry – patience is profit.
#XAUUSD #SmartMoneyConcepts #OrderBlock #GoldAnalysis #BreakOfStructure
We're now at a decision point:
Bullish Scenario: If price holds this OB and shows a clear intent to push higher, we could target the previous highs near 3420+.
Bearish Scenario: If the OB fails and we get a clean break below the structure, I'm eyeing the next OB + FVG zone around 3315–3303 as the next point of interest.
Price action inside this range will confirm the next move. Keep an eye on rejections and reaction from the OB zone to decide entry.
🧠 Marked levels:
OBs, FVGs, BSL, IDM block
Key structural breaks (BoS, ChoCh)
Bias remains neutral-to-bullish until OB fails
📌 Wait for confirmation before entry – patience is profit.
#XAUUSD #SmartMoneyConcepts #OrderBlock #GoldAnalysis #BreakOfStructure
Note
Update on Trade Setup – SMC BasedPrice has now tapped into our marked Order Block (OB) zone and reacted precisely from the 50% equilibrium level, rejecting strongly with a bounce up to 23380. This confirms that smart money is active in the zone.
However, no clear shift in structure or strong bullish confirmation has printed yet. At this stage, I'm monitoring price action closely on the lower timeframe (M15-M5) for a break of internal structure (BOS) or liquidity sweep before looking for entry.
📌 Next Steps:
If bullish confirmation forms (BOS + FVG or another OB), I'll look to enter with stops below the OB.
If price breaks below OB without confirmation, setup is invalidated.
🧠 Patience is key — we only execute on confirmation, not emotion.
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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.