This is a 4H chart of XAU/USD with multiple SMC annotations.

1. Chart Analysis Using Smart Money Concepts (SMC)

SMC Structure Identified:
• Major Break of Structure (BoS): Occurred above 3,240 → confirmed bullish intent.
• Major Change of Character (CHoCH): Happened around 3,320 (last demand broken), indicating bearish shift.
• FVG (Fair Value Gap): Marked just below the last day high — partially filled and then rejected.
• Liquidity: Equal highs and lows around 3,327 and 3,200 respectively — potential liquidity targets.

⸻

2. Marked Points in Chart
• Last Day High / Low and Day High / Low are marked.
• 50% Day Range at approx. 3,274 — currently acting as intraday resistance.
• OB Zone around 3,214–3,218 (a critical support zone that may act as re-entry or rejection point).
• FVG Zone near 3,284 — unmitigated imbalance that price could revisit.

⸻

3. Swing High & Low of the Day
• Swing High: ~3,327.72 (day/session high).
• Swing Low: ~3,214.31 (day/session low).
• These define the current internal liquidity pool.

⸻

4. Trade Direction
• 4H Trend: Bearish, post CHoCH and major OB break.
• Bias: Bearish, as price is below FVG and below 50% of the daily range. OB is being respected and lower highs are forming.
• Intra-Day Opportunity: Possible short setups unless price closes strongly above 3,284–3,287 zone.

⸻

5. Best Risk-Reward Setup (Swing/Intraday)

Scenario: Price retests FVG/OB at 3,284–3,287 and rejects.
• Entry: 3,284.00 (inside FVG)
• SL: 3,288.50 (above supply zone & equal highs)
• TP1: 3,214.00 (last day low)
• TP2: 3,200.00 (liquidity sweep & OB retest zone)
• RRR:
• To TP1: ~1:3
• To TP2: ~1:4.5

⸻

6. Trade Setups by Timeframe

5-Minute Setup:
• Look for CHoCH near 3,284.00 zone.
• Entry: On bearish engulfing or internal BOS.
• SL: Above 3,288.00.
• TP: 3,214.00 (previous low).

1-Hour Setup:
• Wait for 1H candle rejection at FVG or last day’s high.
• Entry: 3,284–3,287.
• SL: 3,290.
• TP1: 3,214.00.
• TP2: 3,200.00.

4-Hour Setup:
• Use higher timeframe OB for re-entry.
• Look for price closing below 3,214.00 → opens short continuation toward 3,160 or deeper (OB at 3,100).
• Swing Trade Setup: Short from 3,284.00 → SL 3,290 → TP 3,100–3,080 (RRR: ~1:6).

⸻

7. CRT Model Evaluation
• C – Context: HTF structure shifted bearish after CHoCH; price rejected FVG and supply zones.
* ⁠R – Retracement: Price retraced into OB and FVG in premium, providing a sell opportunity.
• T – Trend Continuation: If 3,214 breaks cleanly, expect continuation toward 3,160 and possibly 3,100.

⸻

Summary
• Bias: Bearish under 3,284–3,287 zone.
• Key Levels to Watch:
• Resistance: 3,284–3,287 (FVG + OB).
• Support: 3,214–3,200 (liquidity pool + OB).
• Best Trade: Short from FVG zone on confirmation with TP at day low and deeper OBs.