Gold swing trade idea target 1000 pips
* **Pair**: XAUUSD
* **Timeframe**: 1H (1 Hour)
* **Platform**: TradingView (OANDA feed)
* **Trade Type**: Long (Buy)
* **Entry**: 3,318.36
* **TP (Take Profit)**: \~3,419.30
* **SL (Stop Loss)**: Likely in the 3,290–3,295 range (based on visual zone)
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## 🔍 Trade Breakdown
### ✅ **1. Pattern Recognition: Symmetrical Triangle Breakout**
* The white converging trendlines form a **symmetrical triangle** — classic continuation or reversal structure.
* **Breakout occurred to the upside**, triggering the long entry at 3,318.
* **Volume Delta Box** just below shows accumulation, suggesting smart money positioning pre-breakout.
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### 🧠 **2. Confluence Zone for Entry**
* **Entry** level (3318.36) is:
* **Just above 0.618 Fibonacci retracement**
* Sits at the **triangle apex breakout retest**
* Inside a high **delta volume node** (buyers outpaced sellers)
This suggests **institutional accumulation** and a **"discounted" long entry** relative to prior range.
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### 🔁 **3. Fibonacci Levels**
* The chart includes multiple Fib retracement overlays:
* From most recent **impulse wave down** and **overall swing**
* 0.5 and 0.618 retracement zones align with:
* **Rejection-to-support flip**
* Breakout confirmation levels
* This is a classic **smart money technique**: wait for structure break, enter on retrace to equilibrium (0.618/0.5).
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### 📦 **4. Order Blocks and Imbalance Zones**
* Several **red and orange blocks** highlight prior **liquidity zones**:
* The large red zone below entry (around 3,295) was swept, likely inducing stop hunts → now **demand zone**
* Entry avoids this volatility and lands **just above reaccumulation zone**
* Also a visible **imbalance fill area** around 3,318, now tested and held — supporting bullish case.
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### 🧮 **5. Risk-Reward and Positioning**
* **TP** at \~3,419.30 (just below 3,435 structure high) gives **R\:R over 3:1**, possibly even 4:1.
* SL is **tight under recent minor low** and under discount zone, which is key.
* Clear definition of:
* **Premium pricing** (target)
* **Discount pricing** (entry)
* Fits within a **smart money concept (SMC)** framework.
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### 💡 Summary of the Method Used
| Element | Technique Used | Notes |
| ---------------- | --------------------------- | ---------------------------------------- |
| **Structure** | Symmetrical Triangle | Breakout to upside confirmed |
| **Volume** | Delta Volume & Order Blocks | Accumulation below breakout |
| **Fib Tools** | Multi-layered retracements | Entry at 0.618 area, TP at Fib extension |
| **SMC Concepts** | Discount/Premium Zones | Entry in discount, targeting premium |
| **Risk-Reward** | \~3:1 to 4:1 | SL tight, TP near major structure high |
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### 🟢 Professional Verdict
This trade setup is **technically sound** and based on **smart money concepts**, **volume profile**, and **price structure breakout**. It uses:
* Entry at value (post-breakout retest)
* Strong confluences (Fib, trendlines, volume delta)
* Defined risk, clean target
* Logical narrative: **accumulation → breakout → retest → expansion**
If price holds above 3318 and momentum continues, the **3419–3435 zone is very reachable**.
