SMC Trading point update
Technical analysis of (XAU/USD) on the 4-hour timeframe, showing both a potential retracement and a bullish continuation.
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Technical Breakdown:
1. Current Market Structure:
Price recently made a strong bullish push from the key support level (~3,329–3,335), breaking structure to the upside.
It is now approaching a Fair Value Gap (FVG) and resistance zone between 3,380.47 and 3,396.19.
2. Key Zones Identified:
FVG / Resistance Zone: 3,380.47–3,396.19 — where price might initially reject (red arrow) due to unfilled imbalance and previous supply.
Key Support Zone: 3,329.27–3,335.31 — potential area of re-entry or demand if price pulls back.
EMA 200 (Blue): Currently at 3,335.58, aligning with key support.
3. Price Path Scenarios:
Primary Expectation: Price may tap into the FVG, face rejection, then pull back into the key support level for a higher low.
From there, it is projected to bounce back strongly toward the ultimate target at 3,438.73, marking a 3.19% upside move.
4. RSI (14):
RSI at 64.77, indicating strong bullish momentum but not yet in overbought territory. Favorable for continuation, but a short-term correction is possible.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish (after a short-term rejection)
Entry Zones:
Watch for rejection at 3,380–3,396
Look to enter on a retest of 3,335–3,329 support
Target Zone: 3,438.73
Invalidation: Sustained breakdown below 3,329 or bearish engulfing with high volume
EMA & RSI Support: EMA 200 backs bullish bias; RSI confirms momentum
Please support boost 🚀 this analysis)
Technical analysis of (XAU/USD) on the 4-hour timeframe, showing both a potential retracement and a bullish continuation.
---
Technical Breakdown:
1. Current Market Structure:
Price recently made a strong bullish push from the key support level (~3,329–3,335), breaking structure to the upside.
It is now approaching a Fair Value Gap (FVG) and resistance zone between 3,380.47 and 3,396.19.
2. Key Zones Identified:
FVG / Resistance Zone: 3,380.47–3,396.19 — where price might initially reject (red arrow) due to unfilled imbalance and previous supply.
Key Support Zone: 3,329.27–3,335.31 — potential area of re-entry or demand if price pulls back.
EMA 200 (Blue): Currently at 3,335.58, aligning with key support.
3. Price Path Scenarios:
Primary Expectation: Price may tap into the FVG, face rejection, then pull back into the key support level for a higher low.
From there, it is projected to bounce back strongly toward the ultimate target at 3,438.73, marking a 3.19% upside move.
4. RSI (14):
RSI at 64.77, indicating strong bullish momentum but not yet in overbought territory. Favorable for continuation, but a short-term correction is possible.
Mr SMC Trading point
---
Trade Idea Summary:
Bias: Bullish (after a short-term rejection)
Entry Zones:
Watch for rejection at 3,380–3,396
Look to enter on a retest of 3,335–3,329 support
Target Zone: 3,438.73
Invalidation: Sustained breakdown below 3,329 or bearish engulfing with high volume
EMA & RSI Support: EMA 200 backs bullish bias; RSI confirms momentum
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
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.