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Dorchester Center, MA 02124
◆ Market background (M30)
Gold prices maintain an upward trend in the short term. Following the previous bullish move on BOS, the market is currently accumulating just below the resistance area, suggesting buyers are still in control but will need more liquidity before the range widens.
Gold prices maintain an upward trend in the short term. Following the previous bullish move on BOS, the market is currently accumulating just below the resistance area, suggesting buyers are still in control but will need more liquidity before the range widens.
◆ SMC and price action
• The current structure remains top-high and no CHoCH decline has occurred.
• Price is trading directly below the ~4,518 resistance area, indicating the possibility of liquidation in both directions ahead of a breakout.
• Below is Buyer Liquidity + FVG which is a good support area for the trend continuation scenario.
◆ Key levels on the chart
• Resistance Zone: ~4,518
• Purchase of working capital: 4,501 – 4,492
• FVG Purchase: ~4,465
• Bullish structure invalidated: M30 closes below 4,465
◆ Transaction scenario
➤ Scenario 1 – Buy the bounce (priority)
• Wait for price to return to 4,501 – 4,492 (buy liquidity)
• If there is a reaction to maintain the price → continue buying based on the trend
• Target: 4,518 → 4,540+
• Stop Loss: Below 4,465
➤ Scenario 2 – FVG Deep Buy
• If price settles firm to ~4,465 (FVG Buy)
• This is the last line of defense for buyers in existing structures
• Expectation of rebound to old peak area
➤ Scenario 3 – Breakthrough and Continuation
• If price breaks decisively above 4,518 and hold
• Retest buying based on extended wave monitoring
◆ Summary
• Main bias: Bullish.
• Strategy: Buy on dips, don’t sell when CHoCH is not falling.
• Important observation areas: 4,501 – 4,492 – 4,465.
• A break above 4,518 will start a new uptrend.
