Gold (XAU/USD) M30 Smart Money Setup – Price Action Analysis📊 Current Structure:
On the M30 timeframe, CHOCH (Change of Character) has formed around 4186, confirming a possible bearish shift in market structure. The previous low stands at 4004, which acts as a major liquidity zone and final bearish target.
🧠 Smart Money Concept Overview
After the CHOCH at 4186, Gold is expected to retrace to premium zones before continuing its bearish move. The market has created two Fair Value Gaps (FVGs) — potential supply areas where price may react.
⚙️ Key Zones
1️⃣ 1st FVG (4231 – 4246) → Minor retracement zone 🟠
2️⃣ 2nd FVG (4302 – 4322) → Strong supply zone 🔴
📍 Stop Loss (SL): 4346
🎯 Target (TP): 4001
🧭 Trading Plan
Wait for price to tap into any FVG zone (4231–4322).
Confirm bearish reaction using candlestick rejection or CHOCH on lower TFs (M5–M15).
Enter short positions aiming for the 4001 target.
Risk management: keep SL tight above 4346.
📉 Conclusion
Gold currently shows strong bearish pressure after CHOCH confirmation. Smart money traders will be looking for short entries from FVG zones toward the 4001 liquidity target. Manage your trade wisely and follow structure confirmation before entry. 🧩
💡 Disclaimer: This analysis is for educational purposes only. Always do your own research before trading. 📚
Goldforextrading
Best Fibonacci Retracement and Extension Levels for Trading
In this short article, you will learn the best Fibonacci extension and retracement levels for trading Forex and Gold.
I will share with you correct settings for Fibonacci tools and show you how to use & draw Fibonacci's properly on TradingView.
Best Fibonacci Retracement Levels
First, let's discuss Fibonacci retracement levels.
Here are the default settings for Fibonacci retracement tool on TradingView.
We will need to modify that a bit.
We should keep 0; 0,382; 0,5; 0,618; 0,786; 1 levels
0,382; 0,5; 0,618; 0,786 will be the best retracement levels for Forex & Gold trading.
How to Draw Fibonacci Retracement Levels Properly
In order to draw fib.retracement levels properly, you should correctly identify a price action leg.
You should underline that from its lowest low to its highest high, taking into consideration the wicks of the candlesticks.
Fibonacci Retracement of a bullish price action leg will be applied from its low to its high.
1.0 Fibonacci level should lie on the lowest lie, 0 - on the highest high.
Fibonacci Retracement of a bearish price action leg will be applied from its high to its low.
Best Fibonacci Extension Levels
Above, you can find default Fib.extension settings on TradingView.
We will need to remove all the retracement levels; 2,618; 3,618; 4,236 and add 1,272; 1,414 levels.
1,272; 1,414; 1,618 will be the best Fibonacci Extension levels for trading Gold and Forex.
How to Draw Fibonacci Extension Levels Properly
Start with correct identification of a price action leg.
Draw the Fib.Extension levels of a bearish price movement from its high to its low .
Draw the Fib.Extension levels of a bullish price movement from its low to its high.
I apply the fibonacci levels that we discussed for more than 9 years.
They proved its efficiency and strength in trading different financial markets. Learn to combine Fibonacci levels with other technical analysis tools to make nice money in trading.
❤️Please, support my work with like, thank you!❤️

