SMC Trading point update
Technical analysis of XAU/USD (Gold vs. USD) on the 4-hour timeframe suggests a bearish outlook. Here's a breakdown of the key elements:
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Key Levels:
1. Resistance Zone (Upper Yellow Block):
Around 3,450–3,500.
Price was previously rejected from this level, forming a double-top like structure.
2. Rejection Point (Mid-Level Zone):
Near 3,300–3,310.
Price repeatedly failed to break and hold above this zone, indicating strong selling pressure.
3. Support Zone / Demand Block (Lower Yellow Block):
Around 3,100–3,125.
This is the target area, labeled clearly as TARGET POINT: 3,116.501.
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Indicators:
200 EMA:
Currently above the price, suggesting downward momentum.
Acting as a dynamic resistance.
RSI (14):
Around 39, slightly above oversold territory (30).
Indicates bearish pressure but not yet oversold — room for further downside.
The chart suggests that if price breaks below the mid-level support, we could expect a move towards the support block around 3,116.
The bearish wave projection drawn in the chart confirms the trader’s expectation of a drop.
The setup appears to be a break-and-retest of the mid-zone, followed by continuation downward.
Mr SMC Trading point
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Trading Idea Summary:
Bias: Bearish
Entry Trigger: Break below ~3,225–3,230 with confirmation
Target: ~3,116
Invalidation/Stop: Close above 3,300–3,310 (rejection zone)
Pales support boost 🚀 analysis follow)
Technical analysis of XAU/USD (Gold vs. USD) on the 4-hour timeframe suggests a bearish outlook. Here's a breakdown of the key elements:
---
Key Levels:
1. Resistance Zone (Upper Yellow Block):
Around 3,450–3,500.
Price was previously rejected from this level, forming a double-top like structure.
2. Rejection Point (Mid-Level Zone):
Near 3,300–3,310.
Price repeatedly failed to break and hold above this zone, indicating strong selling pressure.
3. Support Zone / Demand Block (Lower Yellow Block):
Around 3,100–3,125.
This is the target area, labeled clearly as TARGET POINT: 3,116.501.
---
Indicators:
200 EMA:
Currently above the price, suggesting downward momentum.
Acting as a dynamic resistance.
RSI (14):
Around 39, slightly above oversold territory (30).
Indicates bearish pressure but not yet oversold — room for further downside.
The chart suggests that if price breaks below the mid-level support, we could expect a move towards the support block around 3,116.
The bearish wave projection drawn in the chart confirms the trader’s expectation of a drop.
The setup appears to be a break-and-retest of the mid-zone, followed by continuation downward.
Mr SMC Trading point
---
Trading Idea Summary:
Bias: Bearish
Entry Trigger: Break below ~3,225–3,230 with confirmation
Target: ~3,116
Invalidation/Stop: Close above 3,300–3,310 (rejection zone)
Pales support boost 🚀 analysis follow)
Trade closed: target reached
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Join my recommended broker , link 👇
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Related publications
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.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.