XAU/USD – Intraday Analysis – Elliott Wave + SMC

10 Jun

🟡 XAU/USD – Intraday Analysis – Elliott Wave + SMC (June 10, 2025)

Bias: Bearish toward Wave 5
Current Price: ~$3,307
Session Range: ~$3,302 – $3,328

📉 Elliott Wave Outlook
Market likely in Wave 4 retracement, setting up for Wave 5 downside.

Wave 3 already completed; Wave 4 expected to cap around $3,327–$3,328.

Wave 5 Target: ~$3,285 or lower.

Invalidation: Break above $3,330 kills this count.

🧠 Smart Money Concepts (SMC)
🔸 Order Block: $3,327–$3,328 → institutional short zone.

🔸 Liquidity Sweep Possible: Above $3,328 to trap longs.

🔸 BoS Confirmation: Break below $3,302 opens downside momentum.

🔽 Trade Setup: Short (Preferred)
Entry #1: ~$3,327–$3,328 (order block rejection)

Entry #2: Break below $3,302 (with retest)

Stop-Loss: Above $3,330

Targets:

TP1: $3,285–$3,290

TP2: $3,270 (Wave 5 projection)

🔼 Counter Setup: Long (Bounce)
Entry: ~$3,302–$3,303 (bullish rejection zone)

Stop-Loss: Below $3,300

Target: $3,320–$3,325

10 Jun

Nota

Watchpoints

False sweeps above $3,328 – wait for confirmation before entering.

Volume & candles in the Kill Zone signal true institutional move.

Stay out of midday chop—prefer high liquidity periods.

Adjust position sizes; protect capital with stop-loss discipline.