SMC Trading point update
Technical analysis of (XAU/USD) on the 4-hour timeframe, highlighting a move toward the $3,450 target. Here's the full technical breakdown
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Technical Analysis – Gold (4H)
1. Breakout from Resistance Zone
Price has broken above a key horizontal resistance level (now turned support, marked in yellow).
The breakout is confirmed by a strong bullish candle with momentum, suggesting buyers are in control.
2. Ascending Triangle Formation
Price formed an ascending triangle, a classic bullish continuation pattern.
The breakout above the upper boundary confirms the pattern, projecting a potential measured move.
3. Trendline Support & Higher Lows
The structure shows a rising trendline (black), where price bounced multiple times — confirming a higher low sequence.
The confluence of trendline support + breakout level adds strength to the bullish case.
4. 200 EMA Confluence
The 200-period EMA (3,332.13) has been acting as a dynamic support throughout.
Price retested it earlier in the move, then surged upward — validating trend continuation.
5. RSI Indicator
RSI is at 71.13, entering overbought territory.
This implies strong bullish momentum, but a short-term pullback to retest the breakout level is possible.
6. Target Projection
Target Point: $3,450.90, calculated from the height of the triangle (~61 pts or 1.80%) added above the breakout zone.
A retest of the breakout area (yellow zone) around $3,370–$3,380 could offer a better entry before continuation.
Mr SMC Trading point
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Summary
Bias: Bullish
Current Price: $3,397.62
Support: $3,370–$3,380 zone (previous resistance turned support)
Trend: Higher lows + breakout above resistance
EMA Support: 200 EMA at $3,332.13
Target: $3,450.90
RSI: 71.13 – bullish but near overbought
Please support boost 🚀 this analysis)
Technical analysis of (XAU/USD) on the 4-hour timeframe, highlighting a move toward the $3,450 target. Here's the full technical breakdown
---
Technical Analysis – Gold (4H)
1. Breakout from Resistance Zone
Price has broken above a key horizontal resistance level (now turned support, marked in yellow).
The breakout is confirmed by a strong bullish candle with momentum, suggesting buyers are in control.
2. Ascending Triangle Formation
Price formed an ascending triangle, a classic bullish continuation pattern.
The breakout above the upper boundary confirms the pattern, projecting a potential measured move.
3. Trendline Support & Higher Lows
The structure shows a rising trendline (black), where price bounced multiple times — confirming a higher low sequence.
The confluence of trendline support + breakout level adds strength to the bullish case.
4. 200 EMA Confluence
The 200-period EMA (3,332.13) has been acting as a dynamic support throughout.
Price retested it earlier in the move, then surged upward — validating trend continuation.
5. RSI Indicator
RSI is at 71.13, entering overbought territory.
This implies strong bullish momentum, but a short-term pullback to retest the breakout level is possible.
6. Target Projection
Target Point: $3,450.90, calculated from the height of the triangle (~61 pts or 1.80%) added above the breakout zone.
A retest of the breakout area (yellow zone) around $3,370–$3,380 could offer a better entry before continuation.
Mr SMC Trading point
---
Summary
Bias: Bullish
Current Price: $3,397.62
Support: $3,370–$3,380 zone (previous resistance turned support)
Trend: Higher lows + breakout above resistance
EMA Support: 200 EMA at $3,332.13
Target: $3,450.90
RSI: 71.13 – bullish but near overbought
Please support boost 🚀 this analysis)
Trade closed: target reached
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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
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
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.