SMC Trading point update
Technical analysis of (XAU/USD) on the 4-hour timeframe, showing both a potential retracement and a bullish continuation.
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Technical Breakdown:
1. Current Market Structure:
Price recently made a strong bullish push from the key support level (~3,329–3,335), breaking structure to the upside.
It is now approaching a Fair Value Gap (FVG) and resistance zone between 3,380.47 and 3,396.19.
2. Key Zones Identified:
FVG / Resistance Zone: 3,380.47–3,396.19 — where price might initially reject (red arrow) due to unfilled imbalance and previous supply.
Key Support Zone: 3,329.27–3,335.31 — potential area of re-entry or demand if price pulls back.
EMA 200 (Blue): Currently at 3,335.58, aligning with key support.
3. Price Path Scenarios:
Primary Expectation: Price may tap into the FVG, face rejection, then pull back into the key support level for a higher low.
From there, it is projected to bounce back strongly toward the ultimate target at 3,438.73, marking a 3.19% upside move.
4. RSI (14):
RSI at 64.77, indicating strong bullish momentum but not yet in overbought territory. Favorable for continuation, but a short-term correction is possible.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish (after a short-term rejection)
Entry Zones:
Watch for rejection at 3,380–3,396
Look to enter on a retest of 3,335–3,329 support
Target Zone: 3,438.73
Invalidation: Sustained breakdown below 3,329 or bearish engulfing with high volume
EMA & RSI Support: EMA 200 backs bullish bias; RSI confirms momentum
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Technical analysis of (XAU/USD) on the 4-hour timeframe, showing both a potential retracement and a bullish continuation.
---
Technical Breakdown:
1. Current Market Structure:
Price recently made a strong bullish push from the key support level (~3,329–3,335), breaking structure to the upside.
It is now approaching a Fair Value Gap (FVG) and resistance zone between 3,380.47 and 3,396.19.
2. Key Zones Identified:
FVG / Resistance Zone: 3,380.47–3,396.19 — where price might initially reject (red arrow) due to unfilled imbalance and previous supply.
Key Support Zone: 3,329.27–3,335.31 — potential area of re-entry or demand if price pulls back.
EMA 200 (Blue): Currently at 3,335.58, aligning with key support.
3. Price Path Scenarios:
Primary Expectation: Price may tap into the FVG, face rejection, then pull back into the key support level for a higher low.
From there, it is projected to bounce back strongly toward the ultimate target at 3,438.73, marking a 3.19% upside move.
4. RSI (14):
RSI at 64.77, indicating strong bullish momentum but not yet in overbought territory. Favorable for continuation, but a short-term correction is possible.
Mr SMC Trading point
---
Trade Idea Summary:
Bias: Bullish (after a short-term rejection)
Entry Zones:
Watch for rejection at 3,380–3,396
Look to enter on a retest of 3,335–3,329 support
Target Zone: 3,438.73
Invalidation: Sustained breakdown below 3,329 or bearish engulfing with high volume
EMA & RSI Support: EMA 200 backs bullish bias; RSI confirms momentum
Please support boost 🚀 this analysis)
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Join my recommended broker , link 👇
World best broker exness ✅D
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Pubblicazioni correlate
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.