The hope of this idea presents a bullish setup on Gold (XAU/USD) based on a breakout–retest structure with multi-session volatility for price action.
Strong recovery above the intraday consolidation zone near 3180-3183 breaks the sharp liquidity sweep beneath 3171. This aggressive recovery may suggest a fakeout and reversal whipsaw: a smart money signature.
🔹 Technical Rationale:
Entry Zone (3181-3183): Aligned with supply candles' base as well as minor demand zone order.
SL (3180): Structural support and bullish engulfing low just beneath.
TP1 (3187): Prior minor high.
TP2 (3190): Consolidation rejection zone around psychological approximate value.
TP3 (3192): High-value liquidity cluster and potential sweep zone above high.
The market has printed higher lows after the fakeout suggesting bullish continuation bias resulting the structure holding until 3180. With favorable R:R ratio and flexible structure, everything stays intact.
⚠️ Risk Note:
Confirmation based trend continuation idea. Strong volume sustaining move below 3180 invalidates the idea.
📈 The structure and set levels provide clean bounds to wait for market dynamics.
Strong recovery above the intraday consolidation zone near 3180-3183 breaks the sharp liquidity sweep beneath 3171. This aggressive recovery may suggest a fakeout and reversal whipsaw: a smart money signature.
🔹 Technical Rationale:
Entry Zone (3181-3183): Aligned with supply candles' base as well as minor demand zone order.
SL (3180): Structural support and bullish engulfing low just beneath.
TP1 (3187): Prior minor high.
TP2 (3190): Consolidation rejection zone around psychological approximate value.
TP3 (3192): High-value liquidity cluster and potential sweep zone above high.
The market has printed higher lows after the fakeout suggesting bullish continuation bias resulting the structure holding until 3180. With favorable R:R ratio and flexible structure, everything stays intact.
⚠️ Risk Note:
Confirmation based trend continuation idea. Strong volume sustaining move below 3180 invalidates the idea.
📈 The structure and set levels provide clean bounds to wait for market dynamics.
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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.
Unlock your winning setups Grab them FREE and level up your trades! 🔥 No strings attached, just pure profit potential! t.me/+MHVk0E7vVpxiOTc8
Related publications
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.