Gold is currently trading around 4,122.29 on the 15-minute timeframe, displaying ideal price action according to Smart Money Concepts (SMC):
- Price clearly consolidated and bounced from the Fair Value Gap (FVG+) and the lower demand zone.
- We’re seeing a bullish structure form, confirming a minor change of character (CHoCH) after the previous high was broken.
- Price is currently retesting the nearby support zone (FVG+) above 4,116, preparing to move higher toward the upper liquidity levels (Equilibrium).
🎯 Live trade recommendation:
• Trade type: Buy (LONG)
• Entry zone: 4,118 - 4,123
• First target (TP1): 4,132
• Second target (TP2): 4,140
• Stop loss (SL): A 15-minute candle close below 4,110
💡 Risk management: Trading is a way of life. Maintain strict capital management and don't risk more than 1% of your portfolio. Share your technical outlook in the comments!
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