The London Sweep: Gold Setup Explained Step by Step
How the London sweep works on a real gold example from 4 September 2026. London pushed above the Asian high, the next candle closed back inside the range, and that close was the sell entry. The target at two times the risk was hit within ninety minutes.
Key points
The Asian range on 4 Sep 2026 (00:00-07:00 UTC) ran from $4,506.6 to $4,533.6.
The sweep: the 07:45 UTC candle pushed to $4,537.8, above the Asian high, taking the stops resting there.
The trigger: the 07:50 candle closed back inside the range at $4,531.5. That close was the sell entry.
The trade: stop $4,540.8 ($3 above the sweep wick, $9.3 risk), target $4,512.9 (2R), reached by the 09:20 candle. Price moved only $2.1 against the entry.
Chart data: COMEX gold futures 5-minute OHLC (UTC), 4 Sep 2026. Education only, not a signal.
Read more: Asian Range Breakout on Gold: Trading the London Open Breakout and the Judas Fakeout on XAUUSD · London Session Gold Trading: How XAUUSD Behaves at the London Open · Liquidity Sweeps on XAUUSD: How Gold Stop Runs Work
Transcript
Entry here. Target hit, within ninety minutes.
Here's exactly why.
First, the Asian range. Mark the high and the low, from midnight to seven, UTC.
London opens. Price pushes up and takes the Asian high. That's a liquidity grab: the stops above it get hit.
Now watch the next candle. It closes back inside the range. That's the trigger.
Sell on that close. Stop three dollars above the sweep wick. Target, two times the risk.
Range, sweep, close back inside. That's the setup.
