Gold ($XAU) Update: SMC Setup for This Week! 📉📈
BNB
614.81
-0.04%
SOL
83.82
+0.78%
Fellow Traders! Gold ($XAU/USD) is creating an amazing SMC setup! 🧠💎
Gold has shown a strong impulse move. Now institutional traders are sweeping liquidity pools to trap breakout sellers. Trapping breakout sellers!
The price is currently making a lower high and is retracing towards an unmitigated Order Block (Demand Zone).
I want to wait for a deeper retracement (see the chart). If I find a clear CHOCH (Change of Character) on a lower timeframe in the Order Block zone, I will scale into a Long entry.
Patience is key. Trade safe, trade setups, not noise! 🤫📈
#XAUUSD #smc_master #GoldTrading #BinanceSquare #SmartMoneyConcepts