Analysis XAU/USD (SMC) Gold (XAUUSD)CAPITALCOM:GOLDFonseca87Bias: Bullish Main timeframe: 15M (LTF confirmations) Narrative: Manipulation → Accumulation → Expansion The XAU/USD market has fully completed the sell-side liquidity mitigation, sweeping previous lows and trapping late sellers. After this move, price delivered a clear Change of Character (CHOCH) followed by a Break of Structure (BOS), confirming a genuine shift in market structure. The final downside move acted as a fake out, combined with a liquidity sweep into a 15M Point of Interest (POI) — a classic sign of institutional accumulation. With liquidity absorbed and structure respected, price is now positioned for a bullish expansion, targeting buy-side liquidity zones above. 🎯 Targets •TP1: 4,390 → partial profit & risk reduction •TP2: 4,458 → intermediate mitigation / prior structure •TP3: 4,521 → buy-side liquidity & potential new highs 🛡️ Risk management •SL: 4,266 (below structural support) •R:R: 1:3 •Trade executed based on confirmation, not anticipation. 📌 As long as price continues to print higher lows on lower timeframes, the bullish bias remains valid.