🟡 XAUUSD Daily Trading Plan – Ahead of FOMC
📊 Market Context
Gold (XAUUSD) has recently moved out of its accumulation/manipulation zone and is now trading in the 3,684–3,690 range.
The market structure is bullish after a Change of Character (CHoCH) followed by a Break of Structure (BOS).
Still, imbalances remain below the present price level, suggesting the possibility of a retracement before further upside continuation.
Liquidity pools are forming around 3,721–3,725, which increases the risk of false breakouts (liquidity traps) near the FOMC.
🔎 Technical Analysis (SMC Perspective)
Structure: Bullish bias on H1/H4, confirmed by higher highs and BOS.
Imbalance Zone: 3,674 → 3,664 (likely to be revisited).
Liquidity Pools:
Buy-side liquidity: 3,721–3,725 (Sell Zone).
Sell-side liquidity: 3,626–3,624 (Equal Low Zone).
🔑 Key Levels
Resistance / Sell Zones
3,686.88 (Immediate resistance)
3,721–3,725 (Liquidity Sell Zone)
Support / Buy Zones
3,668 (Front End Buy – imbalance retest)
3,656–3,654 (Back End CP Buy Zone)
3,626–3,624 (Equal Low Liquidity Zone)
✅ Priority Scenario – BUY
Entry 1
Buy Limit: 3,668 (Front End Zone – imbalance retest)
SL: 3,661
TP: 3,690 → 3,700 → 3,721
Entry 2
Buy Limit: 3,656–3,654 (Back End CP Buy Zone)
SL: 3,648
TP: 3,690 → 3,700 → 3,721
Entry 3
Buy Limit: 3,626–3,624 (Equal Low Liquidity)
SL: 3,618
TP: 3,690 → 3,700 → 3,721
🔻 Alternative Scenario – SELL (Counter-trade)
If the price touches 3,721–3,725 (Liquidity Zone) before revisiting the lower buy zones → look for rejection patterns.
Enter SELL if bearish confirmation appears.
SL: 3,730
TP: 3,698 → 3,690 → 3,676
⚠️ Risk Management & Notes
Expect high volatility during FOMC – liquidity traps are very likely.
Reduce lot size before the news release to minimise risk.
Take trades only with confirmation (avoid blind buys/sells).
Main directional bias: Bullish as long as 3,648 holds.
📊 Market Context
Gold (XAUUSD) has recently moved out of its accumulation/manipulation zone and is now trading in the 3,684–3,690 range.
The market structure is bullish after a Change of Character (CHoCH) followed by a Break of Structure (BOS).
Still, imbalances remain below the present price level, suggesting the possibility of a retracement before further upside continuation.
Liquidity pools are forming around 3,721–3,725, which increases the risk of false breakouts (liquidity traps) near the FOMC.
🔎 Technical Analysis (SMC Perspective)
Structure: Bullish bias on H1/H4, confirmed by higher highs and BOS.
Imbalance Zone: 3,674 → 3,664 (likely to be revisited).
Liquidity Pools:
Buy-side liquidity: 3,721–3,725 (Sell Zone).
Sell-side liquidity: 3,626–3,624 (Equal Low Zone).
🔑 Key Levels
Resistance / Sell Zones
3,686.88 (Immediate resistance)
3,721–3,725 (Liquidity Sell Zone)
Support / Buy Zones
3,668 (Front End Buy – imbalance retest)
3,656–3,654 (Back End CP Buy Zone)
3,626–3,624 (Equal Low Liquidity Zone)
✅ Priority Scenario – BUY
Entry 1
Buy Limit: 3,668 (Front End Zone – imbalance retest)
SL: 3,661
TP: 3,690 → 3,700 → 3,721
Entry 2
Buy Limit: 3,656–3,654 (Back End CP Buy Zone)
SL: 3,648
TP: 3,690 → 3,700 → 3,721
Entry 3
Buy Limit: 3,626–3,624 (Equal Low Liquidity)
SL: 3,618
TP: 3,690 → 3,700 → 3,721
🔻 Alternative Scenario – SELL (Counter-trade)
If the price touches 3,721–3,725 (Liquidity Zone) before revisiting the lower buy zones → look for rejection patterns.
Enter SELL if bearish confirmation appears.
SL: 3,730
TP: 3,698 → 3,690 → 3,676
⚠️ Risk Management & Notes
Expect high volatility during FOMC – liquidity traps are very likely.
Reduce lot size before the news release to minimise risk.
Take trades only with confirmation (avoid blind buys/sells).
Main directional bias: Bullish as long as 3,648 holds.
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.
