XAU/USD ICT – 29th August 2025

Market Snapshot

Gold is trading around $3,412 – $3,415 after extending its bullish run from yesterday’s London–NY session. The 30M chart shows a clean series of higher lows with London session accumulation and New York continuation. Price rejected $3,420 (NY PM high) before pulling back slightly.

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Smart Money Structure

Market Structure: Bullish, with price consistently making HHs and HLs from the 26th.
Order Blocks: Demand seen around $3,390 – $3,396 (London breakout zone).
Liquidity Pools: Equal highs taken out at $3,418 – $3,420, now acting as resistance. Sell-side liquidity remains below $3,400.
Fair Value Gaps (FVG): Notable bullish FVGs on 30M between $3,398 – $3,402 and $3,406 – $3,410.

Session Outlook

Asian Session (Today): Consolidation near $3,408 – $3,412.
London Session: Expected to revisit $3,406–$3,410 for liquidity grab before possible continuation.
New York Session: Watching for expansion – continuation bullish if $3,420 is broken, otherwise retracement toward demand zones.

Market Drivers & News Outlook

USD Index remains heavy after mixed macro data; Fed officials continue to hint at slower tightening.
US Jobless Claims later today could provide short-term volatility.
Safe-haven demand for Gold remains intact with geopolitical tensions supporting bullish bias.

Trade Plans

Bullish Scenario (Continuity):
- Entry: Reclaim of $3,410–$3,412 zone after London pullback.
- Target 1: $3,418 (retest of NY high)
- Target 2: $3,425 – $3,428 extension.
Bearish Scenario (Liquidity Grab):
- Entry: Failure at $3,418 – $3,420 with rejection wicks in NY.
- Target: $3,400 – $3,396 demand zone (FVG fill).

Final Bias – ICT Narrative

Gold remains in a bullish SMT structure, but after sweeping NY highs ($3,420), a retracement toward $3,406–$3,400 is likely before the next leg up. Expect London to engineer liquidity below intraday lows, followed by NY expansion. Overall bias: Bullish after pullback.