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◆ Market background (M30)
A series of consecutive BOS and gradually rising bottoms/tops indicates that gold is in a clear uptrend. After a strong push, prices are currently trading sideways in premium territory, suggesting the market is taking a breather before choosing its next direction.
A series of consecutive BOS and gradually rising bottoms/tops indicates that gold is in a clear uptrend. After a strong push, prices are currently trading sideways in premium territory, suggesting the market is taking a breather before choosing its next direction.
◆ SMC and price action
• The bullish structure remains stable, with no bearish CHoCH emerging.
• The current correction area is the buy area – the area where the BOS was previously created.
• This sideways pattern has rebalancing characteristics and is usually a precursor to the next move up if support is not broken.
◆Main levels
• Buy zone: 4,476 – 4,464
• Rise invalid: clear break below 4,464
• Overhead expenses target:
▪ 4,531
▪ 4,565
◆ Transaction scenario
➤ Scenario A – Buy the bounce (priority)
• Wait for price to correct or remain in buy zone 4,476 – 4,464
• Condition: The candle holds the price unchanged and does not break through the structural bottom
• Target:
▪ 4,531
▪ 4,565
• SL: Below 4,464
➤ Scenario B – Interruption and Continuation
• If the price remains in the current area and continues to close the bullish candle
• Partially manage trades at target levels based on trends
➤ Scenario C – Defense
• If 4,464 is obviously corrupted
• Short-term bullish structure loses validity → wait and see for new setup
◆ Summary
• Key Trend: Strongly Bullish.
• Preferred strategy: buy with the trend and don’t sell against the trend.
• Critical areas: 4,476 – 4,464.
• Next target: 4,531 → 4,565.
