Bearish Plan After The 4,450 BSL Sweep | XAUUSD 17/08

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Bearish Plan After The 4,450 BSL Sweep | XAUUSD 17/08GoldOANDA:XAUUSDAdrian_NovaTraderGold swept the 4,450 BSL and rejected the highs, then moved back below the 4,415–4,430 POC. This keeps the short-term structure tilted bearish while price remains below the swept high. For today, my main scenario is a pullback into the 4,415–4,430 POC followed by bearish rejection. I do not want to chase price around 4,390; the cleaner setup is to wait for the retest. πŸ“Œ TODAY'S PLAN Bias: Bearish below 4,450 Entry Zone: 4,415–4,430 Preferred Entry: 4,420–4,425 after bearish rejection / CHoCH on lower timeframe SL: 4,452 TP1: 4,360 TP2: 4,325 TP3: 4,310 Risk Management: At an average entry around 4,422, the setup risks roughly 30 points to the invalidation, while TP1 offers around 62 points and TP2 around 97 points. πŸ”Ž What I’m Watching Price retraces into 4,415–4,430. Sellers defend the POC. M5/M15 forms bearish rejection or CHoCH. Price loses the reaction low. Bearish continuation targets 4,360 first, then 4,325–4,310. πŸ“‰ Today’s Direction My primary expectation for today is bearish continuation after a POC retest. The key level is 4,450. If H1 price accepts and holds above 4,450, the bearish thesis is invalidated and I would no longer look for the 4,360 β†’ 4,325 β†’ 4,310 path. The main idea is simple: 4,450 BSL Sweep β†’ Rejection β†’ 4,415–4,430 POC Retest β†’ Bearish Confirmation β†’ 4,360 β†’ 4,325 β†’ 4,310 Educational content only. This analysis is based on Smart Money Concepts (SMC) and is not financial advice.