SMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone.
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Analysis Summary
Asset: XAU/USD (Gold Spot)
Timeframe: 1H
Current Price: 3,371.56
Bias: Bearish pullback toward lower support
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Key Technical Insights
1. FVG (Fair Value Gap):
Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection.
This zone likely acted as a liquidity grab, triggering potential reversal.
2. Structure Shift (SS):
Minor bullish market structure appears to be breaking down, signaling a shift in momentum.
3. Target Point:
Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist.
This also aligns with the 200 EMA around 3,340.48, adding confluence.
4. RSI (14):
RSI is currently at 54.86, indicating neutral momentum with room for downside.
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Target Point
Target Zone: 3,330.77 (Key support and potential long re-entry area)
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Trade Idea
Direction Entry Zone Stop-Loss Target
Sell 3,370–3,375 Above 3,390 3,330
Mr SMC Trading point
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Summary
Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement.
Please support boost 🚀 this analysis)
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone.
---
Analysis Summary
Asset: XAU/USD (Gold Spot)
Timeframe: 1H
Current Price: 3,371.56
Bias: Bearish pullback toward lower support
---
Key Technical Insights
1. FVG (Fair Value Gap):
Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection.
This zone likely acted as a liquidity grab, triggering potential reversal.
2. Structure Shift (SS):
Minor bullish market structure appears to be breaking down, signaling a shift in momentum.
3. Target Point:
Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist.
This also aligns with the 200 EMA around 3,340.48, adding confluence.
4. RSI (14):
RSI is currently at 54.86, indicating neutral momentum with room for downside.
---
Target Point
Target Zone: 3,330.77 (Key support and potential long re-entry area)
---
Trade Idea
Direction Entry Zone Stop-Loss Target
Sell 3,370–3,375 Above 3,390 3,330
Mr SMC Trading point
---
Summary
Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement.
Please support boost 🚀 this analysis)
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
(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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.