XAU/USD Tradin Plan For TodayI will be looking at four potential scenarios for today's price movement. The price is currently consolidating near the middle of the range, with a previous day's high (PDH) around 2659 and a previous day's low (PDL) near 2633. Key levels to watch include the local highs and lows marked by the yellow zones.
Key Levels:
PDH (2659): Potential liquidity grab or breakout target for bullish scenarios.
PDL (2633): Major downside liquidity target if bearish pressure dominates.
Local Support Zone (around 2642): A key area for potential bounces or breakdowns.
Local Resistance Zone (around 2649): A significant level to watch for rejection or continuation.
Neutral Bias for now: The price is in a range with no clear directional dominance.
Watch for liquidity sweeps, market structure shifts (MSS), and confirmation signals before entering trades.
Scenarios to Watch:
1.Bullish Breakout (Green Scenario - Top Right):
Plan: If price sweeps local liquidity near 2649 and breaks structure to the upside, look for confirmation on a retest of the yellow zone.
Target: PDH at 2659 or higher.
Confirmation: Break of structure + bullish retest.
2.Bullish Reversal from Support (Green Scenario - Bottom Left):
Plan: If price drops to the 2642 support zone, wait for signs of accumulation (Wyckoff phases) and a structure shift upward.
Target: Local highs around 2649 or PDH at 2659.
Confirmation: Bullish structure shift + FVG retest.
3.Bearish Rejection (Red Scenario - Top Right):
Plan: If price taps into resistance at 2649 but fails to break higher, watch for a bearish structure shift (MSS).
Target: Local support at 2642 or PDL at 2633.
Confirmation: Bearish structure break + retest.
4.Bearish Breakdown (Red Scenario - Bottom Left):
Plan: If price breaks below 2642 support and confirms a bearish retest, expect continuation towards the PDL at 2633.
Target: PDL or lower.
Confirmation: Bearish retest of broken support.
Use M1 for precise entries after liquidity sweeps.
"Patience, precision, and discipline are key. Watch for structure shifts and enter with confidence. Trade safe!"