SMC trading point update
Technical analysis of (XAU/USD) on the 3-hour timeframe, projecting further downside after rejection from a resistance zone aligned with a descending trendline.
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Analysis Summary
Trend Bias: Bearish
Current Price: ~$3,301.96
Structure: Price is respecting a descending channel, with multiple rejections from the upper boundary and key resistance zone.
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Key Technical Insights
1. Resistance Zone & Downtrend Line:
Price was rejected from a resistance block near the EMA 200 (~$3,331) and descending trendline.
This level has repeatedly triggered strong downside moves (highlighted with red arrows).
2. EMA 200 Reaction:
The EMA 200 at $3,331.10 is acting as dynamic resistance.
Each time price reaches or crosses above this line, selling pressure increases.
3. Bearish Price Projection:
After recent rejection, the chart anticipates a pullback to the support zone between $3,248.26 and $3,245.71.
A deeper drop toward $3,159.13 is projected as a next major target, consistent with previous price moves.
4. RSI Indicator:
RSI at 40.24 suggests bearish momentum is still in play but not yet oversold—indicating room for more downside.
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Bearish Trade Idea
Element Level / Description
Entry Zone Below resistance: $3,310–$3,320
Target 1 $3,248.26–$3,245.71 (support zone)
Target 2 $3,159.13 (channel base / next support)
Stop-Loss Above $3,335 (above resistance zone)
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Risk Considerations
Fundamental catalysts: Gold is sensitive to USD strength, interest rate decisions, and macroeconomic data.
Invalidation: A strong breakout and close above the descending trendline and EMA 200 would negate the bearish outlook.
---
Summary
This analysis outlines a bearish setup for XAU/USD, supported by trendline resistance, EMA rejection, and RSI momentum. If current structure holds, a move toward the $3,245 and $3,159 levels is likely.
Please support boost 🚀 this analysis)
Technical analysis of (XAU/USD) on the 3-hour timeframe, projecting further downside after rejection from a resistance zone aligned with a descending trendline.
---
Analysis Summary
Trend Bias: Bearish
Current Price: ~$3,301.96
Structure: Price is respecting a descending channel, with multiple rejections from the upper boundary and key resistance zone.
---
Key Technical Insights
1. Resistance Zone & Downtrend Line:
Price was rejected from a resistance block near the EMA 200 (~$3,331) and descending trendline.
This level has repeatedly triggered strong downside moves (highlighted with red arrows).
2. EMA 200 Reaction:
The EMA 200 at $3,331.10 is acting as dynamic resistance.
Each time price reaches or crosses above this line, selling pressure increases.
3. Bearish Price Projection:
After recent rejection, the chart anticipates a pullback to the support zone between $3,248.26 and $3,245.71.
A deeper drop toward $3,159.13 is projected as a next major target, consistent with previous price moves.
4. RSI Indicator:
RSI at 40.24 suggests bearish momentum is still in play but not yet oversold—indicating room for more downside.
---
Bearish Trade Idea
Element Level / Description
Entry Zone Below resistance: $3,310–$3,320
Target 1 $3,248.26–$3,245.71 (support zone)
Target 2 $3,159.13 (channel base / next support)
Stop-Loss Above $3,335 (above resistance zone)
---
Risk Considerations
Fundamental catalysts: Gold is sensitive to USD strength, interest rate decisions, and macroeconomic data.
Invalidation: A strong breakout and close above the descending trendline and EMA 200 would negate the bearish outlook.
---
Summary
This analysis outlines a bearish setup for XAU/USD, supported by trendline resistance, EMA rejection, and RSI momentum. If current structure holds, a move toward the $3,245 and $3,159 levels is likely.
Please support boost 🚀 this analysis)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.