Technical Setup:
• CHoCH Confirmed: Market has shifted character, showing bullish intent.
• Liquidity Hunt: Price is currently retracing to sweep liquidity below the internal lows.
• Golden Zone: Entry is aligned with the 0.618 Fibonacci level and a high-probability Demand Zone.
• Confirmation: RSI is monitored for an oversold bounce inside the blue box.
Trade Plan:
• Entry: 4,555.00 – 4,545.00
• Target: 4,640.00 (Supply Zone)
• Stop Loss: 4,540.00
”Strategy: Smart Money Concepts (SMC). Patience is key—wait for the sweep.”
#Gold #XAUUSD #SMC #PriceAction #TradingView