Gold (XAUUSD) delivered a higher time frame break and retest, forming a Smart Money Trap (SMT) mitigation at the highs. After sweeping liquidity, price is now rotating lower toward a valid higher time frame POI. The draw on liquidity below suggests a continuation into the discounted zone before any potential bullish expansion.
We’re not trying to predict the bottom—rather, we let price deliver into our areas of interest and allow opportunities to come to us.