XAUUSD H1: Wave (5) Completed? Double Top & Rejection Plan!GoldOANDA:XAUUSDRichard_PrimeInsightsGold has completed a textbook 5-wave impulse on the H1 timeframe, surging straight into the major overhead Rejection + Buy-Side Liquidity zone (4,540 – 4,560). Price is currently consolidating near the highs around 4,524, setting up a potential liquidity sweep / double-top structure before a deeper corrective phase unfolds. Technical Breakdown & SMC Key Levels Major Rejection / Buy-Side Liquidity: 4,540 – 4,560 (Wave 5 termination and liquidity grab area). Immediate Support / Minor FVG: 4,490 – 4,500 (Local imbalance & ascending trendline support). Structural Pivot / Wave (4) Low: 4,450 (Crucial breakdown level for trend continuation to the downside). Major Unmitigated FVG: 4,375 – 4,425 (Primary macro liquidity target if wave 4 breaks). Base Demand & Support: 4,330 – 4,350. Trade Scenarios & Playbook Primary Setup (Liquidity Sweep & Short Execution): Trigger: Price wicks higher to sweep the Wave (5) peak near 4,545 – 4,555, followed by a swift bearish rejection and an H1 candle close back below 4,520. Targets: TP1: 4,490 – 4,500 (Local FVG & trendline retest). TP2: 4,450 (Wave 4 low). TP3: 4,400 (Macro FVG tap). Invalidation: Solid H1 body close above 4,560. Secondary Setup (Bullish Continuation): If buyers absorb the rejection and hold firmly above 4,500, a clean breakout above 4,560 invalidates the bearish reversal structure and opens the door for momentum expansion. Risk Management Note: Wait for the sweep and lower-timeframe confirmation (M5/M15 CHoCH) before entering counter-trend positions. Always control your risk per trade. 💬 Do you see a clean rejection at 4,550, or will the bulls push Gold into new highs? Share your thoughts below! If you find this setup useful, hit the Boost / Like button and Follow for more real-time chart breakdowns!