Using Inner Circle Trader (ICT) concepts, we have identified a clear hunt for sell/buy stops in the XAUUSD market. The market purged retail stops below local support/resistance before printing a sudden bullish/bearish engulfing candle, confirming that smart money has swept liquidity and is driving the trend in the opposite direction. We have triggered a SELL position at 4063.
Liquidity sweeps are highly reliable setups in gold trading because they flush out premature buyers and sellers. By entering the market alongside institutional order blocks at 4063, we align with the primary order flow. The trade invalidation level is strictly set at 4071.
Our projected profit targets for this sweep are located at 4049, 4039, and 4019. Ensure proper risk mitigation by booking 50% of the position when the market hits TP1 and moving the remaining volume to breakeven.