After an aggressive bloodbath losing over $127 (-2.98%), Gold (XAUUSD) is printing its first signs of technical life on the 15M timeframe!
đš Technical Breakdown & SMC Mechanics:
âą We just witnessed a textbook Liquidity Sweep! The price plunged below the London Session Low (LNDN Low) near $4,140 to grab sell-stops, followed by an immediate aggressive bounce back up to $4,156.86.
âą We are now closely watching the immediate resistance at $4,166.23. A clean body close above this level on the 15M candle will confirm a structural shift for a corrective upside pullback toward premium FVGs.
âą Risk Warning: The macro momentum is still heavily bearish. Failure to reclaim the resistance could result in a double-bottom retest.
Did you catch the sharp reversal from the lows, or are you waiting for structural confirmation? Let me know below! đ
$PAXG #XAUUSD #SMC #Trading #GoldMarket #CryptoTrading
