SMC Trading point update
Technical analysis chart for Gold Spot (XAUUSD) on the 4-hour timeframe. Here's a breakdown of the key ideas behind the analysis:
1. Trend and Structure:
The overall trend shows a bullish move followed by a correction and now a potential continuation upward.
A bullish breakout from a descending trendline suggests a shift in momentum from bearish to bullish.
2. Key Zones:
Order Block / Buying Zone (~3,280-3,310): A demand area where price is expected to find support and potentially bounce higher.
Support Level (~3,320-3,360): Price is currently above this level, suggesting buyers are in control.
Resistance Level (~3,440-3,495): Marked as a potential short-term ceiling; a breakout above this level may signal strong bullish continuation.
Target Point (~3,494): This is the projected take-profit level for a bullish move.
3. RSI Indicator:
RSI is around 63–64, close to overbought territory but not yet extreme. This suggests moderate bullish momentum without signs of immediate reversal.
4. Projected Move:
The chart outlines a possible retracement to the support or order block zone, followed by a bounce and a push toward the resistance level and target.
Mr SMC Trading point
Strategy Implication:
Buy on pullback to the support or order block zone.
Stop-loss could be placed below the order block (~3,280).
Take-profit around the target zone (~3,494).
pales support boost 🚀 analysis follow)
Technical analysis chart for Gold Spot (XAUUSD) on the 4-hour timeframe. Here's a breakdown of the key ideas behind the analysis:
1. Trend and Structure:
The overall trend shows a bullish move followed by a correction and now a potential continuation upward.
A bullish breakout from a descending trendline suggests a shift in momentum from bearish to bullish.
2. Key Zones:
Order Block / Buying Zone (~3,280-3,310): A demand area where price is expected to find support and potentially bounce higher.
Support Level (~3,320-3,360): Price is currently above this level, suggesting buyers are in control.
Resistance Level (~3,440-3,495): Marked as a potential short-term ceiling; a breakout above this level may signal strong bullish continuation.
Target Point (~3,494): This is the projected take-profit level for a bullish move.
3. RSI Indicator:
RSI is around 63–64, close to overbought territory but not yet extreme. This suggests moderate bullish momentum without signs of immediate reversal.
4. Projected Move:
The chart outlines a possible retracement to the support or order block zone, followed by a bounce and a push toward the resistance level and target.
Mr SMC Trading point
Strategy Implication:
Buy on pullback to the support or order block zone.
Stop-loss could be placed below the order block (~3,280).
Take-profit around the target zone (~3,494).
pales support boost 🚀 analysis follow)
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(Services:✔️ JOIN Telegram channel
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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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.