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XAUUSD – PRIORITISE BUYING, TARGET 4040XAUUSD – PRIORITISE BUYING, TARGET 4040 🎯 🌤 1. Overview Hello everyone 💬 My perspective on gold today remains to prioritise buying, as there hasn't been a clear deep decline. The price is currently consolidating in a narrow range, needing more time to build momentum before breaking out. I will wait to buy back at the OB area – where there is high liquidity, this is a region likely to see strong price reactions. The best scenario today: the price may sell lightly at FVG, then drop to OB to trigger the buy setup. 💹 2. Technical Analysis (ICT Perspective) 💜 Price Structure: Gold still maintains a short-term uptrend, the main trend hasn't been broken. 💎 Liquidity: Liquidity is concentrated below the 3940 area – potential buying OB. 💫 FVG: The 3975–3980 area is where a slight decline reaction may occur. ⚙️ Order Block (OB): 3938–3945 is a crucial support area, with potential for a strong price rebound from here. 📈 Main Target: 4040 – high liquidity area, coinciding with the large frame FVG. 🎯 3. Reference Trading Scenario 💢 Short SELL (scalping) Entry: 3980 ｜ SL: 3988 TP: 3972 – 3960 – 3940 💖 Main BUY (priority) Entry: 3940 ｜ SL: 3932 TP: 3952 – 3968 – 3990 – 4012 – 4035 ✨ 4. Important Notes 🔹 Observe price reactions at FVG and OB before taking action. 🔹 If the price exceeds 3988, the decline scenario is temporarily invalidated. 🔹 The main direction remains to buy following the Smart Money trend – only look for short sells with confirmation. 🌷 5. Conclusion & Interaction with LanaM2 Gold is still on the right track of the Smart Money Flow, patiently wait for the price to reach a favourable area to act 💪 This is not investment advice, just a personal perspective based on the ICT method. If you find it useful, please 💛 like – 💬 comment – 🔔 follow LanaM2 to stay updated with the latest gold insights every day.
OANDA:XAUUSDLong
by Lana_M2
StevenTrading - $XAUUSD$: New Week's Perspective – Prioritise...StevenTrading - OANDA:XAUUSD $: New Week's Perspective – Prioritise BUYING UP According to Elliott Wave 5, Awaiting Range $3961$ Hello everyone, StevenTrading is back with the Gold scenario for the new trading week! After a period of strong fluctuations, I am leaning more towards buying scenarios according to Elliott Wave 5. Although retesting deeper support levels is possible, the technical structure indicates that the potential for price increase remains. For now, the structure on H1 shows that the price is moving sideways within a wide range. We will watch the price range to trade before Gold officially breaks the barrier!1. 📊 TECHNICAL STRUCTURE ANALYSIS Elliott Wave: Prioritise the development scenario of Wave 5. This reinforces the medium-term uptrend. H1 Structure: The price is fluctuating within a wide range, creating opportunities for Scalping/Day Trade transactions at the upper/lower boundaries.2. 🎯 DETAILED TRADING PLAN (ACTION PLAN) Our trading strategy this week is to proactively buy at the lower boundary and defensively sell at the upper boundary to maximise the price range. Primary BUY Scenario (BUY Primary): We will patiently wait for Gold to adjust to the $3961$ area, a key liquidity support zone (near the Buy Liquidity/Buy Zone on charts). This is an ideal entry point to participate in the upward movement according to Elliott Wave 5. The Buy order will be activated at $3961$ with a stop loss SL $3950$ (placed below the $3954$ support) to preserve capital. Profit targets are divided into increasing levels: TP1 $3975$, TP2 $3990$, TP3 $4012$, and the final target is $4035$ when the price approaches the upper boundary. SELL Scalping Scenario: To defend and take advantage of the adjustment phase, we will look to Sell just below the strong resistance area at $4050$ (near old resistances and barriers). The Sell order will be placed with a tight stop loss SL $4060$. Profit targets will be prioritised short-term (Scalping) to quickly secure profits.3. 📌 SUMMARY & DISCIPLINE (Steven's Note)The goal is to patiently wait for $3961$ to execute the BUY position with the lowest risk, pursuing the Elliott Wave 5 target. Capital management discipline and adherence to SL are mandatory in this wide-range trading phase. Are you ready to take advantage of this price range?
OANDA:XAUUSDLong
by Steven-GoldTrading