SMC Trading point update
Technical analysis of Gold Spot (XAUUSD) on the 4-hour timeframe, featuring key support and resistance levels, price action projections, and RSI for momentum evaluation. Here's a breakdown of the idea:
Key Points in the Analysis:
1. Support & Resistance Zones:
Big Support / Buying Zone: Around 3,222 – 3,240. This zone has seen previous bullish reversals and is supported by the 200 EMA.
Intermediate Support Level: Around 3,270–3,290, where price might bounce before attempting a breakout.
Key Resistance Level: Around 3,350–3,365. Price must break this area to move toward higher targets.
2. Price Action Projections:
The analysis shows two bullish potential scenarios:
Scenario 1: Price breaks above the resistance level directly and moves toward the target point at 3,535.83.
Scenario 2: A retracement to the lower support or even the big buying zone before a bullish rally to the same target.
3. RSI (Relative Strength Index):
Currently near the neutral zone (around 49), suggesting there's room for movement in either direction.
No extreme overbought/oversold signals right now.
4. EMA (200):
The price is currently hovering above the 200 EMA (3,222.01), which acts as a long-term support and trend indicator.
Mr SMC Trading point
Summary of the Trading Idea:
Bias: Bullish
Entry Zones: Look for long entries at either the support level (3,270–3,290) or lower buying zone (around 3,222).
Target: 3,435.05 initially, then 3,535.83.
Invalidation: A clear breakdown below the 3,222 support level could invalidate the bullish bias.
Pelas support boost 🚀 analysis follow)
Technical analysis of Gold Spot (XAUUSD) on the 4-hour timeframe, featuring key support and resistance levels, price action projections, and RSI for momentum evaluation. Here's a breakdown of the idea:
Key Points in the Analysis:
1. Support & Resistance Zones:
Big Support / Buying Zone: Around 3,222 – 3,240. This zone has seen previous bullish reversals and is supported by the 200 EMA.
Intermediate Support Level: Around 3,270–3,290, where price might bounce before attempting a breakout.
Key Resistance Level: Around 3,350–3,365. Price must break this area to move toward higher targets.
2. Price Action Projections:
The analysis shows two bullish potential scenarios:
Scenario 1: Price breaks above the resistance level directly and moves toward the target point at 3,535.83.
Scenario 2: A retracement to the lower support or even the big buying zone before a bullish rally to the same target.
3. RSI (Relative Strength Index):
Currently near the neutral zone (around 49), suggesting there's room for movement in either direction.
No extreme overbought/oversold signals right now.
4. EMA (200):
The price is currently hovering above the 200 EMA (3,222.01), which acts as a long-term support and trend indicator.
Mr SMC Trading point
Summary of the Trading Idea:
Bias: Bullish
Entry Zones: Look for long entries at either the support level (3,270–3,290) or lower buying zone (around 3,222).
Target: 3,435.05 initially, then 3,535.83.
Invalidation: A clear breakdown below the 3,222 support level could invalidate the bullish bias.
Pelas support boost 🚀 analysis follow)
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#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
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
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.