SMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone.
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Analysis Summary
Asset: XAU/USD (Gold Spot)
Timeframe: 1H
Current Price: 3,371.56
Bias: Bearish pullback toward lower support
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Key Technical Insights
1. FVG (Fair Value Gap):
Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection.
This zone likely acted as a liquidity grab, triggering potential reversal.
2. Structure Shift (SS):
Minor bullish market structure appears to be breaking down, signaling a shift in momentum.
3. Target Point:
Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist.
This also aligns with the 200 EMA around 3,340.48, adding confluence.
4. RSI (14):
RSI is currently at 54.86, indicating neutral momentum with room for downside.
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Target Point
Target Zone: 3,330.77 (Key support and potential long re-entry area)
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Trade Idea
Direction Entry Zone Stop-Loss Target
Sell 3,370–3,375 Above 3,390 3,330
Mr SMC Trading point
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Summary
Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement.
Please support boost 🚀 this analysis)
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone.
---
Analysis Summary
Asset: XAU/USD (Gold Spot)
Timeframe: 1H
Current Price: 3,371.56
Bias: Bearish pullback toward lower support
---
Key Technical Insights
1. FVG (Fair Value Gap):
Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection.
This zone likely acted as a liquidity grab, triggering potential reversal.
2. Structure Shift (SS):
Minor bullish market structure appears to be breaking down, signaling a shift in momentum.
3. Target Point:
Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist.
This also aligns with the 200 EMA around 3,340.48, adding confluence.
4. RSI (14):
RSI is currently at 54.86, indicating neutral momentum with room for downside.
---
Target Point
Target Zone: 3,330.77 (Key support and potential long re-entry area)
---
Trade Idea
Direction Entry Zone Stop-Loss Target
Sell 3,370–3,375 Above 3,390 3,330
Mr SMC Trading point
---
Summary
Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement.
Please support boost 🚀 this analysis)
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(Services:✔️ JOIN Telegram channel
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.