🔍 Current context
Strong reversal from discount (~0.23) → clean SMC reaction
Short-term structure: HH + HL (bullish)
Price now in 0.5–0.618 zone (~4740–4910) → decision area
Momentum slowing → possible local distribution
🧠 News impact
Geopolitical tension (Hormuz / Iran) = bullish for gold (safe haven)
But without escalation → price follows technical structure
📊 Scenarios
🟢 Bullish continuation (main)
Condition: hold above 4700–4680
Confirmation: LTF BOS
Targets:
4900 (0.618)
5050–5150 (upper range)
🔴 Pullback scenario
If breaks 4680
Targets:
4600 (0.382)
4400 (0.23)
🎯 Conclusion
Still bullish biased, but in a decision zone
👉 Best approach: wait for confirmation, not chase
Strong reversal from discount (~0.23) → clean SMC reaction
Short-term structure: HH + HL (bullish)
Price now in 0.5–0.618 zone (~4740–4910) → decision area
Momentum slowing → possible local distribution
🧠 News impact
Geopolitical tension (Hormuz / Iran) = bullish for gold (safe haven)
But without escalation → price follows technical structure
📊 Scenarios
🟢 Bullish continuation (main)
Condition: hold above 4700–4680
Confirmation: LTF BOS
Targets:
4900 (0.618)
5050–5150 (upper range)
🔴 Pullback scenario
If breaks 4680
Targets:
4600 (0.382)
4400 (0.23)
🎯 Conclusion
Still bullish biased, but in a decision zone
👉 Best approach: wait for confirmation, not chase
Nota
🔍 What happened
4649 level held perfectly ✔️
Strong reaction → not just a bounce, but intentional buying
LTF CHoCH confirms buyers stepping in
🧠 SMC view
4649 = institutional demand zone
Reaction = mitigation + continuation structure
As long as:
👉 4649 holds → bullish bias remains
📊 Scenarios
🟢 Bullish continuation
Hold above 4680–4700
Confirmation: BOS
Targets:
4840
4900–5000
🔴 Weakness scenario
Lose 4680 → retest 4649
Break 4649:
4600
4540 possible sweep
🎯 Conclusion
✔️ 4649 reaction = bullish continuation signal
👉 Key level now: 4649 = invalidation
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.