$XAU $ H4 — Smart Money Concept Analysis

Market Structure

Bearish Break of Structure (BOS) from the recent high → distribution phase

Price is trading inside the premium zone (50–61.8% retracement)

Main bias remains SELL unless the upper structure is reclaimed

🔴 SELL Setup (High Probability)

Entry:

5,050 – 5,080

Stop Loss:

5,180 (above liquidity & invalidation zone)

Take Profit:

TP1: 4,920

TP2: 4,750

TP3: 4,550

Risk : Reward:

TP1 ≈ 1 : 1.2

TP2 ≈ 1 : 2.9

TP3 ≈ 1 : 5

🟢 BUY Scenario (Only if Invalidated)$

H4 candle closes above 5,180

Bullish BOS + retest confirmation

Buy Entry: 5,190 – 5,210

Stop Loss: 5,090

Take Profit: 5,350 → 5,520

Conclusion

Market remains in distribution → markdown phase

Trades are based on structure, probability, and risk-reward

SELL bias stays valid until structure flips bullish