The market has displayed a classic ICT Power of Three (PO3) structure in today’s gold (XAUUSD) session. The price consolidated during the Asian session (Accumulation), followed by a false breakout during the early European session (Manipulation) to trap retail traders. Now, we are entering the Distribution phase. We have initiated a SELL trade at 4147.00.
The PO3 is one of the most powerful setups in institutional trading. By waiting for the manipulation phase to end, we secure our entry at the discount price of 4147.00. Our invalidation boundaries (Stop Loss) are set at 4159.00.
Our distribution profit targets are mapped at 4137.00, 4127.00, and 4107.00. We expect the market to rapidly distribute towards these targets during New York volume hours.