SMC/ICT/Elliott Wave Confluence – High Probability Gold Setups

Date: June 9, 2025
📍 Asset: XAU/USD (Gold) – Intraday Focus
🧠 Strategy: Confluence of Smart Money Concepts (SMC), Inner Circle Trader (ICT), and Elliott Wave Theory
🎯 Goal: Identify high-RR, high-confidence trades using structure, liquidity, and wave analysis.

Setup 1: Long from Demand Zone + Wave 4 Completion
Bias: Bullish continuation (Wave 5 projection)

Zone: $3,300–3,302 (1H Order Block + Fair Value Gap)

Confirmation: Bullish engulfing or pin bar on 5M

Entry: On 5M bullish confirmation within OB

Stop Loss: $3,295

Take Profits:

TP1: $3,330 (liquidity target)

TP2: $3,345 (Wave 5 extension zone)

Risk/Reward: 1:3 to 1:6

Setup 2: Short from Premium FVG + Bearish Reaction
Bias: Bearish reaction from overbought structure

Zone: $3,345–3,350 (FVG + Resistance)

Confirmation: Bearish rejection on 5M (engulfing/pin bar)

Entry: On rejection candle inside FVG

Stop Loss: $3,355

Take Profits:

TP1: $3,325

TP2: $3,290

Risk/Reward: 1:2 to 1:5