The buyers are fighting back! Gold (XAUUSD) prints a significant recovery, trading at $4,140.90 (+0.60%) after executing a clean internal Market Structure Breakout (I-BoS) to the upside on the 15M timeframe.
🎯 Next Move & Technical Strategy (SMC / Price Action):
• Current Bias: Shifted to Bullish on lower timeframes. The game plan now turns into chasing buying opportunities (Longs) aligned with this new momentum.
• Entry Plan (Buying the Dip): Avoid chasing the green candles at the absolute highs. The textbook entry is to wait for a corrective pullback (Retest) into the newly formed demand zone and bullish Order Block resting between $4,132.90 and $4,133.94.
• Upside Targets: A successful mitigation and bounce from the demand zone will target the key liquidity pool and major resistance sitting at $4,166.23.
Are you building long positions on this breakout, or waiting for the correction? Let me know below! 👇
$PAXG g #XAUUSD #SMC #GoldTrading #PriceAction #BinanceSquare
