📊 SMC Analysis – Bullish Projection on GOLD
🔎 Market Observation
Price showed a Change of Character (ChoCH) at the support zone, confirming strong buyer interest. Then it created a new Higher High (HH), validating bullish continuation. Currently, we see a short-term BOS (Break of Structure) that looks more like a healthy retracement than a reversal.
📍 Key Levels
• OB-15M (Order Block 15m): Aligned with the support zone, likely to act as a mitigation point.
• Rejection + Fake Out: Market could create a liquidity sweep before resuming the bullish move.
• Target 3,955: Projection consistent with bullish structure and continuation.
📈 Conclusion
The bullish scenario remains strong: a minor pullback into the OB and support is expected before continuation upward. As long as 3,920 – 3,918 holds, probability of reaching 3,955 is high. GOOD LUCK TRADERS…. ;)
🔎 Market Observation
Price showed a Change of Character (ChoCH) at the support zone, confirming strong buyer interest. Then it created a new Higher High (HH), validating bullish continuation. Currently, we see a short-term BOS (Break of Structure) that looks more like a healthy retracement than a reversal.
📍 Key Levels
• OB-15M (Order Block 15m): Aligned with the support zone, likely to act as a mitigation point.
• Rejection + Fake Out: Market could create a liquidity sweep before resuming the bullish move.
• Target 3,955: Projection consistent with bullish structure and continuation.
📈 Conclusion
The bullish scenario remains strong: a minor pullback into the OB and support is expected before continuation upward. As long as 3,920 – 3,918 holds, probability of reaching 3,955 is high. GOOD LUCK TRADERS…. ;)
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.