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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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/+BLfaeRJ48BBmNjM8
Gold trading signals 🚀 99%
t.me/+BLfaeRJ48BBmNjM8
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/+BLfaeRJ48BBmNjM8
Gold trading signals 🚀 99%
t.me/+BLfaeRJ48BBmNjM8
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.