Wave B Exhaustion 4,650 to Target 4,460 | XAUUSD 26/08GoldOANDA:XAUUSDAdrian_NovaTrader📊 XAUUSD 1H: Wave B Exhaustion at 4,650 – Precision Short to 4,460 Demand Zone Gold (XAU/USD) on the 1H timeframe is reaching a critical inflection point. Following a completed 5-wave motive structure to the high at 4,685, price is executing a textbook A-B-C corrective sequence. We are currently tracking the exhaustion of wave (B) into key short resistance, offering a high-RR short entry ahead of a larger drop into main demand. 🔍 1. Market Structure & Directional Bias Overall Bias: Bearish (Short-term / Today) ➔ Bullish (Medium-term at Demand) Today's Price Path Prediction: Expect a final liquidity sweep/retest of 4,650 – 4,655 today. Price is predicted to reject this zone strongly during the upcoming session, break below local support at 4,636, and accelerate lower toward 4,600 before extending the wave (C) impulse down to 4,460. Main Zone (Primary POI): 4,450 – 4,480 (Order Block + Point of Control confluence). 💡 2. Specific Trade Setup & Execution Plan 📉 Primary Trade Plan: Intra-Day Short (Wave C Downward Impulse) Direction: Short / Sell Entry (Limit / Confirmation): 4,650 – 4,655 (50%–61.8% Retracement of the local leg / Bearish Supply) Stop Loss (SL): 4,688 (Placed strictly above the Wave B high / Internal BSL peak at 4,685. A close above 4,688 completely invalidates the bearish wave C count). Take Profit (TP) Levels: TP1: 4,600.00 🎯 (Liquidity Pool Sweep — trail SL to Breakeven here) TP2: 4,550.00 🎯 (50% Fibonacci Retracement Zone — take 70% profits) TP3 (Main Target): 4,465.00 🎯 (Top of the OB + Volume POC Demand Zone — full exit) Risk/Reward Ratio: ~1 : 5.3 📈 Secondary Trade Plan: Swing Long (Demand Reaction Zone) Direction: Long / Buy Entry (POI): 4,455 – 4,475 (Confluence of H1 Order Block & Volume POC) Trigger: Wait for an H1 Change of Character (ChOCH) or strong Bullish Engulfing candle inside the zone before entering. Stop Loss (SL): 4,428.00 (Placed below the structural low at 4,430) Take Profit (TP) Levels: TP1: 4,550.00 🚀 (Previous Structural Resistance) TP2: 4,680.00 🚀 (Retest of Internal BSL Highs) Risk/Reward Ratio: ~1 : 7.5 ⚠️ 3. Risk & Trade Management Risk no more than 1% to 1.5% of total account equity on the Short position. Move Stop Loss to Breakeven (BE) as soon as price hits TP1 (4,600.00) to lock in a risk-free trade. If this level-by-level setup aligns with your analysis, hit the Boost button 🚀 and share your thoughts in the comments below! Trade safe!