XAU/USD) bearish rejected fvg analysis Read The Chaptian

7 Apr

SMC Trading point update


This chart analysis of Gold (XAU/USD) on the 2-hour timeframe appears to be a bearish setup based on Smart Money Concepts (SMC). Here's a breakdown

Key Elements:

1. Price Channel Break & CHoCH:

The price was in a rising channel.

A clear Change of Character (CHoCH) occurred after the price broke below the structure, signaling a shift from bullish to bearish.



2. Fair Value Gap (FVG):

There's a bearish Fair Value Gap (FVG) highlighted in the yellow box around the 3,047–3,075 level.

The expectation is that price may retrace into this FVG before continuing downward.


Mr SMC Trading point


3. Target Zone:

A major demand zone or target point is marked around 2,940, indicating a potential bearish move of around -148 points (~4.8%) from the FVG.



4. EMA & RSI:

200 EMA is around 3,047, acting as dynamic resistance now.

RSI is below 40 and trending down, showing bearish momentum with slight bullish divergence, hinting at a short retracement before another drop.





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Summary of the Idea:

Bias: Bearish

Trade Plan:

Wait for price to retrace into the FVG zone (~3,047–3,075).

Look for bearish confirmation (like bearish engulfing or rejections).

Enter short with a target at 2,940, stop above FVG.






Pales support boost 🚀 analysis follow)

8 Apr

Dagangan ditutup: sasaran tercapai

done target