This chart shows a price action analysis for XAU/USD (Gold vs. U.S. Dollar) on the 1-hour timeframe, incorporating a Smart Money Concept (SMC) approach with key annotations:
Key Elements:
OB (Order Block): A supply zone marked in red around the 3,340–3,350 range. Price is expected to react from here, likely with some form of rejection or consolidation.
SSL (Sell-Side Liquidity): A liquidity pool beneath recent lows around the 3,240–3,260 region, indicating where stop-losses may be placed.
BSL (Buy-Side Liquidity): Projected target above current highs near 3,400+, indicating where liquidity may be grabbed on the upside.
Market Structure:
The chart shows a bullish shift after a downtrend, with a break of structure (BOS) and higher lows forming.
A bullish path is illustrated: short-term pullback after OB mitigation, then a continued rally toward the BSL target zone.
Interpretation:
The price is currently rising after sweeping SSL and is targeting the OB zone for potential reaction.
If OB doesn't cause a full reversal, price is projected to rally toward 3,400.237 (BSL).
This setup suggests a bullish bias, likely an internal liquidity grab (retrace) before continuation to the upside.
Would you like a breakdown of the Smart Money concepts, or help setting up your own trading strategy based on this chart?
Key Elements:
OB (Order Block): A supply zone marked in red around the 3,340–3,350 range. Price is expected to react from here, likely with some form of rejection or consolidation.
SSL (Sell-Side Liquidity): A liquidity pool beneath recent lows around the 3,240–3,260 region, indicating where stop-losses may be placed.
BSL (Buy-Side Liquidity): Projected target above current highs near 3,400+, indicating where liquidity may be grabbed on the upside.
Market Structure:
The chart shows a bullish shift after a downtrend, with a break of structure (BOS) and higher lows forming.
A bullish path is illustrated: short-term pullback after OB mitigation, then a continued rally toward the BSL target zone.
Interpretation:
The price is currently rising after sweeping SSL and is targeting the OB zone for potential reaction.
If OB doesn't cause a full reversal, price is projected to rally toward 3,400.237 (BSL).
This setup suggests a bullish bias, likely an internal liquidity grab (retrace) before continuation to the upside.
Would you like a breakdown of the Smart Money concepts, or help setting up your own trading strategy based on this chart?
Forex Trader | 5+ Years Experience | Market Analysis & Risk Management Expert.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Forex Trader | 5+ Years Experience | Market Analysis & Risk Management Expert.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.