V2.0 | 22R Gold Long Swing Trade | Smart Money Concepts/ICT

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is an updated plan for the macro Cup & Handle breakout

Previous setup for the 30R Gold long didn't play out; the unconfirmed SMT divergence didn't get confirmed and there was no impulsive move away.

The stop loss is larger due to the entry location.
Not financial advice but if this trade idea inspires you, you could use an even bigger stop to avoid potentially getting stopped out by an errant news spike. 22:1 risk reward sounds cooler though doesn't it?

SMT divergence in this setup between Gold & Silver has been confirmed this time; stops were swept on one pair but not on the other, before rallying upwards and creating a higher high on the daily timeframe.
In theory the swing where stops were swept SHOULD hold now.
Still within the weekly bullish Order Block and above the High Volume Node on the higher timeframes:
rVAL has moved but i've spotted an inverted FVG on the daily TF in exactly the same place. how cool is this?
This liquidity inducement is begging to get swept now:
Bearish POV: big move up day before FOMC/interest rate changes. Still weeks worth of liquidity inducement below!

Bullish POV: bullish SMT divergence with silver. This would be an entry signal for me, but there's a massive well of liquidity below!

Will we see something like this into the daily iFVG??

Still on
With Silver's flip from demand to supply, and the bullish candle on the dollar, I'm calling this off and deleting my limit order. It seems the precious metals and bitcoin can't decide if they are anti fiat hedge assets or risk on assets that will drop as USD rises.

Yes it could hold but is it worth the risk?
Once phase B has been broken as it has on Silver and BTC, I will look to get in lower using my swing trading phase A setups.

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