🟡 XAU/USD – Intraday Analysis – Elliott Wave + SMC (June 10, 2025)
Bias: Bearish toward Wave 5
Current Price: ~$3,307
Session Range: ~$3,302 – $3,328
📉 Elliott Wave Outlook
Market likely in Wave 4 retracement, setting up for Wave 5 downside.
Wave 3 already completed; Wave 4 expected to cap around $3,327–$3,328.
Wave 5 Target: ~$3,285 or lower.
Invalidation: Break above $3,330 kills this count.
🧠 Smart Money Concepts (SMC)
🔸 Order Block: $3,327–$3,328 → institutional short zone.
🔸 Liquidity Sweep Possible: Above $3,328 to trap longs.
🔸 BoS Confirmation: Break below $3,302 opens downside momentum.
🔽 Trade Setup: Short (Preferred)
Entry #1: ~$3,327–$3,328 (order block rejection)
Entry #2: Break below $3,302 (with retest)
Stop-Loss: Above $3,330
Targets:
TP1: $3,285–$3,290
TP2: $3,270 (Wave 5 projection)
🔼 Counter Setup: Long (Bounce)
Entry: ~$3,302–$3,303 (bullish rejection zone)
Stop-Loss: Below $3,300
Target: $3,320–$3,325
Bias: Bearish toward Wave 5
Current Price: ~$3,307
Session Range: ~$3,302 – $3,328
📉 Elliott Wave Outlook
Market likely in Wave 4 retracement, setting up for Wave 5 downside.
Wave 3 already completed; Wave 4 expected to cap around $3,327–$3,328.
Wave 5 Target: ~$3,285 or lower.
Invalidation: Break above $3,330 kills this count.
🧠 Smart Money Concepts (SMC)
🔸 Order Block: $3,327–$3,328 → institutional short zone.
🔸 Liquidity Sweep Possible: Above $3,328 to trap longs.
🔸 BoS Confirmation: Break below $3,302 opens downside momentum.
🔽 Trade Setup: Short (Preferred)
Entry #1: ~$3,327–$3,328 (order block rejection)
Entry #2: Break below $3,302 (with retest)
Stop-Loss: Above $3,330
Targets:
TP1: $3,285–$3,290
TP2: $3,270 (Wave 5 projection)
🔼 Counter Setup: Long (Bounce)
Entry: ~$3,302–$3,303 (bullish rejection zone)
Stop-Loss: Below $3,300
Target: $3,320–$3,325
Note
WatchpointsFalse sweeps above $3,328 – wait for confirmation before entering.
Volume & candles in the Kill Zone signal true institutional move.
Stay out of midday chop—prefer high liquidity periods.
Adjust position sizes; protect capital with stop-loss discipline.
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.
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.