Smart Money Hunted the Stops, Then Gold Fell
A smart money story on gold's real 15-minute chart from 26 to 27 October 2026. Stops sat above the $4,041.4 high. Price swept them to $4,044.0 and closed back below, then broke the last low. The last up candle before the drop was the order block, and a sell from it reached the old low.
Key points
Liquidity: the 14:45 UTC swing high on 26 Oct was $4,041.4, with stops resting above it.
Sweep: the 17:00 candle spiked to $4,044.0 and closed back below the high at $4,040.4.
Shift: the 18:30 candle closed at $4,028.2, below the last low of $4,029.0 (change of character).
Trade: sell at the order block ($4,033.0), stop $4,046.0, target the old low $4,002.3, reached on 27 Oct at 08:45 UTC (+30.7 points).
Chart data: COMEX gold futures 15-minute OHLC, 26 to 27 Oct 2026 (UTC). Education only, not a signal.
Read more: Liquidity Sweeps on XAUUSD: How Gold Stop Runs Work · Smart Money Concepts (SMC) for XAUUSD: A Balanced Guide · Order Blocks on XAUUSD: Identification, Refinement and Risk
Transcript
Sell here. Target hit. Over thirty points on gold, and it all started with a stop hunt.
Let's rewind.
Gold made a high here. Traders hide their stop losses just above it. That pile of stops is liquidity.
Big players need those orders. So price spikes up, eats the stops, and snaps back. Breakout buyers? Trapped.
Then price breaks the last low. That's a change of character. Sellers are in control.
The last up candle before the drop is the order block: our zone.
Sell when price comes back. Stop above the spike. Target the old low, where more stops wait.
Now watch. Price taps the zone, and slides. Target hit.
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