Massive bullish expansion on the Gold (XAUUSD) 15M timeframe! The buyers successfully swept the London highs and charged straight through the New York Morning High (NYAM High), pushing the price to $4,152.87.
🚨 Technical Projections & Scenarios (SMC / Price Action):
• Scenario 1 (Pullback & Go): Price has just tapped into a newly formed premium Supply Zone near $4,160. The high-probability setup is to wait for a corrective pullback to mitigate the broken London High or fill the newly printed Bullish FVGs between $4,148 and $4,152 before triggering the next bullish leg up.
• Scenario 2 (Range Re-entry): If the buyers fail to hold $4,148 as a structural support, the price might slip back into the previous consolidation range to retest the London Low (LNDN Low) liquidity.
• Trading Logic: Avoid chasing longs directly into the active supply zone. Patience is key—wait for a clean retest of the discount FVG zones below.
Which scenario are you betting on for the remainder of the NY session? Drop your bias below! 👇
$PAXG #XAUUSD #SMC #GoldMarket #TradingSetup #BinanceSquare.
🚨 Technical Projections & Scenarios (SMC / Price Action):
• Scenario 1 (Pullback & Go): Price has just tapped into a newly formed premium Supply Zone near $4,160. The high-probability setup is to wait for a corrective pullback to mitigate the broken London High or fill the newly printed Bullish FVGs between $4,148 and $4,152 before triggering the next bullish leg up.
• Scenario 2 (Range Re-entry): If the buyers fail to hold $4,148 as a structural support, the price might slip back into the previous consolidation range to retest the London Low (LNDN Low) liquidity.
• Trading Logic: Avoid chasing longs directly into the active supply zone. Patience is key—wait for a clean retest of the discount FVG zones below.
Which scenario are you betting on for the remainder of the NY session? Drop your bias below! 👇
$PAXG #XAUUSD #SMC #GoldMarket #TradingSetup #BinanceSquare.
