SMC trading point update
Technical analysis of XAU/USD (Gold Spot) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here's a breakdown of the idea and trading scenario:
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Overall Idea: Bearish Continuation
---
Market Context
Current Price: $3,291.99
EMA 200: $3,297.69 (acting as dynamic resistance)
Trend: Price is within a descending channel, respecting both downtrend and uptrend lines
Directional Bias: Bearish unless a breakout occurs
---
Key Zones
1. Resistance Level (Sell Zone)
Around $3,320–$3,340
Price rejected this level multiple times → strong supply zone
2. FVG Level (Fair Value Gap)
Around $3,305–$3,315
Price tapped this area and showed rejection
Identified as a "seller zone" – price likely filled imbalance and now resuming trend
---
Projected Move
Price is expected to:
1. Reject EMA and FVG zone
2. Continue downward movement
3. Target support around $3,244.95
---
Indicators
EMA 200: Above price → bearish pressure
RSI (14): ~46.78 → no extreme reading, but leans bearish; room for further downside
---
Trade Idea Summary
Bias: Bearish
Sell Entry: ~$3,300–$3,310 (already triggered)
Stop Loss: Above $3,320
Target: $3,244.95 (demand zone / previous low)
Risk/Reward: Favorable (~1:2+)
Mr SMC Trading point
---
Warnings
Multiple economic event icons are marked (bottom of chart) → potential high volatility, especially around NFP/FOMC-related news
---
pales support boost 🚀 analysis follow)
Technical analysis of XAU/USD (Gold Spot) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here's a breakdown of the idea and trading scenario:
---
Overall Idea: Bearish Continuation
---
Market Context
Current Price: $3,291.99
EMA 200: $3,297.69 (acting as dynamic resistance)
Trend: Price is within a descending channel, respecting both downtrend and uptrend lines
Directional Bias: Bearish unless a breakout occurs
---
Key Zones
1. Resistance Level (Sell Zone)
Around $3,320–$3,340
Price rejected this level multiple times → strong supply zone
2. FVG Level (Fair Value Gap)
Around $3,305–$3,315
Price tapped this area and showed rejection
Identified as a "seller zone" – price likely filled imbalance and now resuming trend
---
Projected Move
Price is expected to:
1. Reject EMA and FVG zone
2. Continue downward movement
3. Target support around $3,244.95
---
Indicators
EMA 200: Above price → bearish pressure
RSI (14): ~46.78 → no extreme reading, but leans bearish; room for further downside
---
Trade Idea Summary
Bias: Bearish
Sell Entry: ~$3,300–$3,310 (already triggered)
Stop Loss: Above $3,320
Target: $3,244.95 (demand zone / previous low)
Risk/Reward: Favorable (~1:2+)
Mr SMC Trading point
---
Warnings
Multiple economic event icons are marked (bottom of chart) → potential high volatility, especially around NFP/FOMC-related news
---
pales support boost 🚀 analysis follow)
Trade closed manually
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t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
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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.
(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.