SMA 14/28 Cross — Strategy by SmartEdgeTrading
By SmartEdgeTrading
Performance Metrics
- Author: SmartEdgeTrading
- Symbol: OANDA:XAUUSD
- Timeframe: 2 hours
- Net P&L: +667.92 USD (+0.07%)
- Win Rate: 35.5%
- Profit Factor: 1.095
- Max Drawdown: 558.58 USD (0.06%)
- Total Trades: 468
Description
By analyzing the XAUUSD chart on the 2H timeframe, we can observe that after a strong bullish market structure, Gold continued to trade higher and successfully expanded toward the 4,850 – 4,890 region, which is marked as a key liquidity and resistance zone on the chart.Following this impulsive upside move, price is now showing short-term exhaustion, with multiple rejections forming just below the recent highs. The market is currently trading around 4,825, where we can see repeated attempts to break higher, increased volatility, and signs that buy-side liquidity above the highs has been partially taken.This price behavior has created a short-term liquidity imbalance, and based on the current structure, a pullback is expected before any further bullish continuation. As highlighted on the chart, price may retrace toward the 4,760 – 4,600 support zone, which aligns with previous consolidation, internal structure, and resting liquidity below current price.