XAUUSD — Lower FVG Buy SetupGoldOANDA:XAUUSDGold_Prime_Smc Market Context Gold is trading around $4,048 after retracing from the $4,110 resistance area. The macro backdrop remains mixed: the US dollar has reached a one-month high as markets assess the possibility of tighter Federal Reserve policy, which may limit Gold’s recovery. However, lower oil prices have reduced part of the recent inflation pressure. The July 28–29 FOMC meeting is now the main volatility risk, followed by the US Q2 GDP advance estimate and June PCE release on July 30. Confirmation is especially important around these events. SMC View The earlier bullish MSS and BOS shifted the structure away from the previous bearish sequence. Price later expanded toward the upper OB before correcting into the marked Lower FVG around $4,033–$4,044. This FVG is the main decision zone because it may rebalance the previous bullish displacement. Buyer control should be confirmed through bullish rejection followed by a lower-timeframe MSS or CHOCH before entry. Main Trading Scenario Condition: Gold holds the $4,033–$4,044 Lower FVG and forms a clear bullish rejection. A lower-timeframe bullish MSS or CHOCH is required before entry. Entry: $4,033–$4,044 after bullish confirmation SL: Below $4,020 and the reaction low TP1: $4,110–$4,118 TP2: $4,160–$4,170 Key Zones to Watch Current price: $4,047.690 Main buy zone: $4,033–$4,044 First resistance: $4,110–$4,118 Main target: $4,160–$4,170 OB Invalidation: Acceptance below $4,020 Confirmation: Bullish rejection with MSS or CHOCH Prime Gold View The buy bias remains valid while Gold protects the Lower FVG and holds above $4,020. The preferred plan is to wait for bullish confirmation inside $4,033–$4,044 rather than enter before buyers show control. If the FVG is defended, price could recover toward $4,110–$4,118 and potentially the upper OB near $4,160–$4,170. Acceptance below $4,020 would invalidate the setup. No confirmation, no trade.