Date: June 9, 2025
📍 Asset: XAU/USD (Gold) – Intraday Focus
🧠 Strategy: Confluence of Smart Money Concepts (SMC), Inner Circle Trader (ICT), and Elliott Wave Theory
🎯 Goal: Identify high-RR, high-confidence trades using structure, liquidity, and wave analysis.
Setup 1: Long from Demand Zone + Wave 4 Completion
Bias: Bullish continuation (Wave 5 projection)
Zone: $3,300–3,302 (1H Order Block + Fair Value Gap)
Confirmation: Bullish engulfing or pin bar on 5M
Entry: On 5M bullish confirmation within OB
Stop Loss: $3,295
Take Profits:
TP1: $3,330 (liquidity target)
TP2: $3,345 (Wave 5 extension zone)
Risk/Reward: 1:3 to 1:6
Setup 2: Short from Premium FVG + Bearish Reaction
Bias: Bearish reaction from overbought structure
Zone: $3,345–3,350 (FVG + Resistance)
Confirmation: Bearish rejection on 5M (engulfing/pin bar)
Entry: On rejection candle inside FVG
Stop Loss: $3,355
Take Profits:
TP1: $3,325
TP2: $3,290
Risk/Reward: 1:2 to 1:5
📍 Asset: XAU/USD (Gold) – Intraday Focus
🧠 Strategy: Confluence of Smart Money Concepts (SMC), Inner Circle Trader (ICT), and Elliott Wave Theory
🎯 Goal: Identify high-RR, high-confidence trades using structure, liquidity, and wave analysis.
Setup 1: Long from Demand Zone + Wave 4 Completion
Bias: Bullish continuation (Wave 5 projection)
Zone: $3,300–3,302 (1H Order Block + Fair Value Gap)
Confirmation: Bullish engulfing or pin bar on 5M
Entry: On 5M bullish confirmation within OB
Stop Loss: $3,295
Take Profits:
TP1: $3,330 (liquidity target)
TP2: $3,345 (Wave 5 extension zone)
Risk/Reward: 1:3 to 1:6
Setup 2: Short from Premium FVG + Bearish Reaction
Bias: Bearish reaction from overbought structure
Zone: $3,345–3,350 (FVG + Resistance)
Confirmation: Bearish rejection on 5M (engulfing/pin bar)
Entry: On rejection candle inside FVG
Stop Loss: $3,355
Take Profits:
TP1: $3,325
TP2: $3,290
Risk/Reward: 1:2 to 1:5
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.