SMC trading point update
Technical analysis of XAU/USD (Gold Spot price against USD) on a 1-hour timeframe, featuring a Smart Money Concept (SMC) approach. Here's a breakdown of the key ideas presented:
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1. Downtrend & Trendline Break
The chart initially shows a downtrend with two red arrows marking lower highs.
A trendline is broken, indicating a potential shift in market structure.
CHOCH (Change of Character) is labeled — a key SMC concept signaling a reversal from bearish to bullish structure.
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2. Orderblock & FVG (Fair Value Gap)
A bullish orderblock is highlighted, indicating an area where institutional buying may have occurred.
A Fair Value Gap (FVG) is shown, which often acts as a magnet for price to fill inefficiencies before continuing in the intended direction.
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3. Resistance & Target Zones
A resistance level is marked near 3248–3250, which price may revisit and possibly break.
Two target points are identified:
First target: ~3344
Final target: ~3433
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4. EMA 200
The EMA 200 is acting as dynamic resistance; a break above it adds confluence to the bullish bias.
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5. Expected Move
The analysis anticipates:
1. A pullback into the FVG or orderblock.
2. A bullish continuation after mitigating those zones.
3. Price aiming for the resistance and eventually the upper targets.
Mr SMC Trading point
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Conclusion
This is a bullish outlook based on a structural break (CHOCH), institutional demand (orderblock), and gap-filling logic (FVG). The price is expected to pull back slightly and then rally toward the 3344 and 3433 levels if it holds the orderblock zone.
Pales support boost 🚀 analysis follow)
Technical analysis of XAU/USD (Gold Spot price against USD) on a 1-hour timeframe, featuring a Smart Money Concept (SMC) approach. Here's a breakdown of the key ideas presented:
---
1. Downtrend & Trendline Break
The chart initially shows a downtrend with two red arrows marking lower highs.
A trendline is broken, indicating a potential shift in market structure.
CHOCH (Change of Character) is labeled — a key SMC concept signaling a reversal from bearish to bullish structure.
---
2. Orderblock & FVG (Fair Value Gap)
A bullish orderblock is highlighted, indicating an area where institutional buying may have occurred.
A Fair Value Gap (FVG) is shown, which often acts as a magnet for price to fill inefficiencies before continuing in the intended direction.
---
3. Resistance & Target Zones
A resistance level is marked near 3248–3250, which price may revisit and possibly break.
Two target points are identified:
First target: ~3344
Final target: ~3433
---
4. EMA 200
The EMA 200 is acting as dynamic resistance; a break above it adds confluence to the bullish bias.
---
5. Expected Move
The analysis anticipates:
1. A pullback into the FVG or orderblock.
2. A bullish continuation after mitigating those zones.
3. Price aiming for the resistance and eventually the upper targets.
Mr SMC Trading point
---
Conclusion
This is a bullish outlook based on a structural break (CHOCH), institutional demand (orderblock), and gap-filling logic (FVG). The price is expected to pull back slightly and then rally toward the 3344 and 3433 levels if it holds the orderblock zone.
Pales support boost 🚀 analysis follow)
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
(Services:✔️ JOIN Telegram channel
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.