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
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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.