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USD/JPY) Bullish Analysis Read The captionSMC Trading point update Technical analysis of USD/JPY on the 4-hour timeframe, signaling a potential rally toward the 149.191–149.202 resistance zone. Here's the full breakdown --- Technical Analysis – USD/JPY (4H) 1. Fair Value Gap (FVG) Support Price recently filled a Fair Value Gap (FVG) level (yellow box) and is now pulling back toward it. The FVG zone is expected to act as a support and potential entry point for buyers (marked by the green upward arrow). 2. Uptrend Structure Price is moving within an ascending trendline, suggesting bullish market structure. The current retracement is seen as a higher low setup, aligning with bullish continuation logic. 3. 200 EMA as Support The 200 EMA at 146.198 is providing dynamic support. Confluence between the EMA, FVG, and ascending trendline strengthens the bullish bias. 4. Resistance Target Zone The projected target zone is between 149.191–149.202, which aligns with a previous high and key resistance level. This zone is highlighted as the final take-profit area. 5. RSI Momentum RSI is at 57.11, showing positive momentum but not yet overbought — which supports further upside. RSI remains above 50, maintaining bullish momentum. Mr SMC Trading point --- Summary Bias: Bullish Current Price: 147.653 Support Zone (FVG): 146.20–146.92 (approx) Trendline Support: Uptrend line intact 200 EMA: Acting as dynamic support (146.198) Resistance Target: 149.191–149.202 RSI: 57.11 – healthy bullish momentum plesse support boost 🚀 this analysis)
Long
by SMC-Trading-Point
XUA/USD) Bearish Trend Read The captionSMC Trading point update Technical analysis of (XAU/USD) on the 1-hour timeframe, targeting a move toward the $3,310–$3,315 support zone. Here's the full breakdown: --- Technical Analysis – Gold (1H) 1. Fair Value Gap (FVG) Supply Zones Two FVG supply zones are marked where price previously dropped sharply: Upper FVG zone near $3,385.49 (with red arrow: expected rejection point) Lower FVG zone near $3,352.47 Price is expected to reject from either zone, resuming the bearish move. 2. Market Structure: Lower Highs, Lower Lows The chart shows a clear bearish structure, with consistent lower highs and lower lows. The current price action suggests a potential pullback into FVG, followed by another leg down. 3. Key Support Zone (Target Area) The yellow box between $3,315.22–$3,310.99 represents a strong demand/support zone and is marked as the target point. This level has acted as a prior accumulation zone and is likely to attract buying interest again. 4. EMA 200 Resistance Price is trading below the 200 EMA (currently at $3,365.87) — indicating a bearish bias. EMA also aligns near the lower FVG zone, reinforcing the area as a potential reversal point. 5. RSI Indicator RSI at 35.38 is nearing oversold territory but still shows downward pressure. No divergence or reversal signal yet — supports the continuation view. Mr SMC Trading point --- Summary Bias: Bearish Current Price: $3,337.02 Supply Zones (FVG): $3,385.49 (stronger supply) $3,352.47 (minor supply) Support Target: $3,315.22–$3,310.99 Structure: Bearish (LL-LH formation) EMA: 200 EMA acting as dynamic resistance RSI: 35.38 – still bearish momentum --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
XAU/USD) bullish the support Read The captionSMC Trading point update Technical analysis of (XAU/USD) on the 4-hour timeframe, indicating a potential bounce from a key trendline support within a rising channel. --- Analysis Summary Pair: XAU/USD (Gold Spot vs. USD) Timeframe: 4H Current Price: 3,338.715 Bias: Bullish rebound within ascending channel --- Key Technical Elements 1. Ascending Channel: Price has been respecting a well-defined rising channel, bouncing between support and resistance levels. 2. Key Support Zone: The yellow highlighted area marks a critical support level and lower boundary of the channel. Also intersects with the trendline, strengthening the potential for a bounce. 3. 200 EMA (Dynamic Support): The 200 EMA at 3,343.616 lies just below current price, acting as a dynamic support level. 4. RSI (14): RSI is around 34.93, nearing the oversold zone, suggesting a buying opportunity may be near. --- Target Points First Target: 3,402.099 Second Target: 3,446.661 --- Trade Idea Direction Entry Zone Stop-Loss Target Zones Buy 3,330–3,345 Below 3,320 3,402 / 3,446 Mr SMC Trading point --- Summary Gold is currently testing a key support level and ascending trendline. If price holds above this area, we can expect a bullish rebound toward 3,400–3,446 levels, aligning with the upper channel resistance. Please support boost 🚀 this analysis)
OANDA:XAUUSDLong
by SMC-Trading-Point
15
XAU/USD Bearish Retest in Motion – Watch 3340 for Breakout 🔍 XAU/USD (Gold) – Bearish Reversal Outlook Timeframe: 30-Minute Date: July 25, 2025 Indicators Used: Ichimoku Cloud, BOS (Break of Structure), Trendlines, Support & Resistance Zones --- ⚙ Technical Breakdown: 1. Previous Market Structure – Accumulation to Expansion: Descending Channel (Red Box): Market moved within a bearish channel until the breakout occurred. Key Break of Structure (BOS) around 3365 level signaled the beginning of bullish momentum — a textbook shift from accumulation to expansion phase. Rally towards 3445 zone: Strong impulsive wave followed by higher highs and higher lows within a green rising channel. 2. Bull Trap and Structural Breakdown: At the 3445-3460 resistance zone, price failed to maintain momentum and formed a double top / distribution setup. The second BOS near 3385 confirmed a shift from bullish to bearish market structure. Ichimoku Cloud also flipped bearish — price is now trading below the cloud, signaling potential continued downside. 3. Current Consolidation and Bearish Retest: Price is now trapped in a bearish flag / rectangle pattern between 3360 – 3380. Recent rejections from the descending trendline and overhead supply zone indicate weak bullish attempts and presence of strong selling pressure. 4. Anticipated Move – Bearish Continuation: The projected red path suggests a retest of the diagonal resistance, followed by a breakdown toward key demand zone at 3340 – 3320. If that zone fails, we may see a deeper move toward 3280. --- 📌 Key Technical Zones: Zone Type Price Level (Approx.) Description Resistance 3445 – 3460 Double Top / Strong Supply Support 3340 – 3320 Historical Demand Zone Short-term Resistance 3375 – 3385 BOS Retest + Trendline --- 🎯 Trading Insight: 📉 Bias: Bearish ⚠ Invalidation Level: Break above 3385 with volume 📊 Potential Target: 3340 → 3320 🧠 Trade Idea: Look for short entries on weak retests near descending trendline or cloud rejection. --- 🏆 What Makes This Chart Unique for Editors’ Picks: ✅ Multiple Confluences: Structural shifts (BOS), trendlines, Ichimoku, and classic patterns (channels, flags). ✅ Clear Visual Storytelling: Logical flow from bearish to bullish and back to bearish structure. ✅ Forward Projection: Predictive outlook based on strong technical context — not just reactive analysis. ✅ Educational Value: Useful for beginners and intermediate traders alike to understand structure transitions and key levels.
OANDA:XAUUSDShort
by AllyPipsExpert
AUDJPY: Waiting to BUYIn this video I walk through my full thought process on how I plan to approach this setup. I’m not rushing in or trying to predict what price will do. Instead, I’m staying reactive. I’ve identified a clean FVG that price is currently approaching, and my plan is to wait patiently for price to tap into that zone. But tapping the FVG alone is not enough for me to jump in. What I really want to see is a clear bullish reaction, something like a strong bullish engulfing candle or a shift in structure that confirms the buyers are stepping in. If that happens, then I’ll look to take a long position targeting another liquidy zone. This isn’t about guessing the bottom. It’s about letting price tell the story and only acting when there’s a clear signal. That’s the discipline behind this trade.
Long
by J4mesWick
XAUUSD M30 BEST BUYING ZONE 📈 Gold is in a strong buying trend! As always, I follow the trend — and right now, the trend is bullish. Here's what to look for: ✅ Strong Buying Zone Look to buy if you see a solid bullish candlestick confirmation in this area. 📍 Alternative Entry Point If price sweeps below 3416, we’ll look for a potential buy opportunity there — but again, only with candlestick confirmation. 🔓 Open Your Layers Be prepared for both setups. Follow the market reaction and adapt accordingly. ⚠️ Risk Management is Key No matter how strong the trend looks, always stick to your risk management rules. Discipline protects profits! 💼 🚀 Let’s ride the trend and stay smart!
TVC:GOLDLong
by Evelyn_Trading_Room
1
XAU/USD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Here's a breakdown of the key trading --- Technical Overview Price: $3,428.71 (currently near the upper consolidation) EMA 200: Around $3,367.38 (well below price, indicating strong uptrend) Target Point: $3,468.52 Indicators: RSI (14): 60.19–62.55 → shows moderate bullish momentum, not yet overbought. --- Key Technical Elements 1. Bullish Breakout Structure: Price has broken out of a previous range, and is forming a bullish flag or rectangle, which typically leads to continuation higher. Measured move projection from previous leg (approx. $51.57 gain) targets the $3,468.52 level. 2. Strong Support Zones: Two yellow zones highlighted: Upper support level (around $3,415): acting as immediate structure support. Lower key support (around $3,380): crucial structure level from where the trend initiated. 3. Trend Line Support: A clearly marked ascending trend line supporting higher lows—indicating bulls are in control. Expect price to stay above this trend line to maintain bullish bias. 4. Volume & RSI Confirmation: RSI remains in a bullish zone but isn’t overbought → leaves room for upside. Volume remains steady, confirming healthy consolidation. Mr SMC Trading point --- Conclusion & Trade Idea Bias: Bullish Entry Zone: On breakout or retest of minor support ($3,415–$3,420) Stop Loss: Below trendline or below $3,415 Target: $3,468.52 Confirmation: Hold above trendline + RSI staying above 50 This is a classic bullish continuation setup supported by structure, RSI, and trend momentum. Traders could look for buying opportunities on minor dips or trendline retests. --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
10
XAU/USD) breakout analysis Read The captionSMC Trading point update Technical analysis of (XAU/USD) on the 4-hour timeframe, highlighting a move toward the $3,450 target. Here's the full technical breakdown --- Technical Analysis – Gold (4H) 1. Breakout from Resistance Zone Price has broken above a key horizontal resistance level (now turned support, marked in yellow). The breakout is confirmed by a strong bullish candle with momentum, suggesting buyers are in control. 2. Ascending Triangle Formation Price formed an ascending triangle, a classic bullish continuation pattern. The breakout above the upper boundary confirms the pattern, projecting a potential measured move. 3. Trendline Support & Higher Lows The structure shows a rising trendline (black), where price bounced multiple times — confirming a higher low sequence. The confluence of trendline support + breakout level adds strength to the bullish case. 4. 200 EMA Confluence The 200-period EMA (3,332.13) has been acting as a dynamic support throughout. Price retested it earlier in the move, then surged upward — validating trend continuation. 5. RSI Indicator RSI is at 71.13, entering overbought territory. This implies strong bullish momentum, but a short-term pullback to retest the breakout level is possible. 6. Target Projection Target Point: $3,450.90, calculated from the height of the triangle (~61 pts or 1.80%) added above the breakout zone. A retest of the breakout area (yellow zone) around $3,370–$3,380 could offer a better entry before continuation. Mr SMC Trading point --- Summary Bias: Bullish Current Price: $3,397.62 Support: $3,370–$3,380 zone (previous resistance turned support) Trend: Higher lows + breakout above resistance EMA Support: 200 EMA at $3,332.13 Target: $3,450.90 RSI: 71.13 – bullish but near overbought Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
USD/JPY) bearish Trend Read The captionSMC Trading point update Technical analysis of USD/JPY on the 1-hour timeframe, signaling a potential drop toward the 145.200 – 145.191 target zone. Here's the detailed breakdown: --- Technical Analysis – USD/JPY (1H) 1. Rising Channel Breakdown Price has broken below an ascending channel, confirming a trend line breakout and signaling a trend shift from bullish to bearish. The trend line cut and rejection from the upper resistance zone support the bearish reversal. 2. Key Support Breakout A crucial horizontal support zone around 147.80–148.00 was broken. The break-and-retest of this area (yellow box) acts as a confirmation of bearish momentum continuation. 3. Bearish Momentum Below EMA Price is trading below the 200 EMA (147.659) — a strong signal of downward bias on this timeframe. The EMA has flipped from dynamic support to resistance. 4. RSI Oversold but Bearish RSI is at 29.41, in oversold territory, which may hint at a short-term bounce. However, the broader structure suggests more downside potential before a deeper retracement. 5. Target Projection Projected target zone is between 145.200–145.191, aligning with previous structure lows and likely liquidity zone. Mr SMC Trading point Summary Bias: Bearish Current Price: 147.307 Key Resistance: 147.80–148.60 zone Structure: Rising channel break + key support breakout 200 EMA: Above price (bearish signal) RSI: 29.41 – oversold but momentum remains bearish Target: 145.200–145.191 Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
4
BTC/USD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of Bitcoin (BTC/USDT) on the 4-hour timeframe, indicating a potential upward continuation after a period of consolidation above a key support level. --- Analysis Summary Pair: BTC/USDT Timeframe: 4H Current Price: 116,810.90 Bias: Bullish breakout continuation --- Key Technical Insights 1. Key Support Zone: The yellow box marks a strong support level, where price has bounced multiple times. Acts as a launchpad for the next move higher. 2. Descending Trendline: A trend of lower highs suggests short-term selling pressure. Break above this trendline would signal a bullish breakout. 3. Projected Move: If the breakout occurs, the projected target is around 131,075.83, representing a ~12% gain. Similar move structure as the previous breakout earlier this month. 4. EMA 200 (Supportive): Price remains above the 200 EMA at 112,386.80, affirming bullish trend bias. 5. RSI (14): RSI hovering around 42–49, slightly oversold area, suggesting upside potential remains. --- Target Point Target: 131,075.83 USDT Stop-Loss Suggestion: Below key support zone (~114,000) --- Trade Idea Direction Entry Stop-Loss Target Buy Break above 118,000 Below 114,000 131,000–132,000 Mr SMC Trading point --- Summary Bitcoin is consolidating above a strong support zone and under a descending trendline. A confirmed breakout from this pattern could lead to a bullish rally toward 131,000+. - Please support boost 🚀 this analysis)
Long
by SMC-Trading-Point
8
Gold Rejection & Retest Zones AnalysisGold has recently broken out of the 1H ascending trendline with a strong bullish push 🚀. After this breakout, we are now watching key supply and demand zones for the next move. 🔴 Bearish OB (3398-3404): Price is currently hovering around the bearish order block, which could trigger some short-term rejection or pullback from this zone. 🟢 Bullish OB Zones (3350 & 3330): If gold decides to correct lower, we have two important bullish OBs below, perfectly lining up with the previous trendline retest ✅. These zones can offer high-probability buy setups if price respects them. 🎯 Focus is on watching for possible rejections from the top OB, or waiting for a deeper retracement towards the bullish zones for buy confirmations
OANDA:XAUUSD
by Erin_Gold_Vault
XAU/USD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of XAU/USD (Gold) on the 1-hour timeframe. Here’s a breakdown --- Technical Analysis Summary Descending Channel Breakout Price action previously formed a descending wedge/channel, shown by the two black trendlines. A bullish breakout occurred above the trendline, signaling a shift in momentum from bearish to bullish. Key Support Zone The yellow highlighted zone (around $3,338–$3,340) is marked as the “new key support level”. Price is expected to retest this area (confluence with 200 EMA), which aligns with standard bullish breakout behavior. The green arrow indicates potential bounce confirmation. Bullish Projection After the retest, price is projected to climb steadily toward the target point at $3,394.52. The setup anticipates around 56.27 points upside, or roughly +1.69% gain from the support zone. --- Target $3,394.52 – defined using the previous range breakout height and horizontal resistance. --- Trade Idea Entry: On bullish confirmation near $3,338 support zone. Stop Loss: Just below the yellow zone (e.g., under $3,330). Take Profit: Near $3,394. Mr SMC Trading point --- Conclusion This is a classic breakout-retest-play, supported by trendline structure, a key horizontal support zone, and RSI strength. As long as price respects the highlighted support, the bullish outlook remains valid. Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
19
Survive first. Thrive later.🧠 Trading Psychology x Risk Management "If you can't survive being wrong, you don't deserve to be right." 💬 A calm chart… A ruthless truth. Most traders obsess over being right. But the market only rewards those who manage being wrong. Risk control isn’t just technical — it’s emotional. Survive first. Thrive later. — MJTrading Psychology Always Matters: Click on them for notes in the caption... #MJTrading #ChartDesigner #TradingPsychology #RiskManagement #MindfulTrading #CapitalPreservation #SmartMoney #XAUUSD #ForexDiscipline #15minChart #GoldAnalysis #MentalEdge #Gold
EIGHTCAP:XAUUSDEducation
by MJElahifx
1
XAU/USD) bearish Trend Read The captionSMC trading point update Technical analysis of XAU/USD (Gold Spot vs US Dollar) on the 1-hour timeframe. Here's a breakdown --- Technical Breakdown: 1. Descending Channel: Price is trading within a clearly defined downward-sloping channel (black trendlines). This suggests a short-term bearish trend. 2. Resistance Zone (Yellow Box at 3,335–3,340): Price recently rejected from this resistance area. This zone aligns with both the 200 EMA and previous structure, strengthening its validity. 3. EMA Confluence: The 200 EMA (3,336.798) is acting as dynamic resistance. Price is currently below the EMA, confirming the bearish bias. 4. Support/Target Zone: The projected target zone is around 3,313.266, labeled as a support level. This level has acted as previous structure support, increasing its significance. 5. RSI Analysis: RSI is at 37.18, close to the oversold region, but not yet fully exhausted. Suggests there’s still room for a downside move before any potential bounce. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Entry: Below the resistance zone (~3,335–3,340) Target: 3,313 (support zone) Invalidation: Break and hold above 3,340–3,345 Risk Note: Watch for potential consolidation or fakeouts before continuation. Please support boost 🚀 this analysis)
OANDA:XAUUSDShort
by SMC-Trading-Point
2
EUR/USD) bearish chochy Trend Read The captionSMC trading point update Technical analysis of EUR/USD (Euro vs. U.S. Dollar) on the 4-hour timeframe. Here’s the breakdown --- Technical Breakdown: 1. Market Structure Shift (CHOCH): The chart highlights a Change of Character (CHOCH), signaling a bearish reversal after a previous uptrend. This is confirmed by lower highs and lower lows forming after the CHOCH point. 2. New Resistance Zone: The previous support (yellow box) has now turned into a new resistance level around 1.16400–1.16700. Price has rejected this area after the breakdown, validating the resistance flip. 3. 200 EMA Breakdown: Price is now trading below the 200 EMA (1.15928), which reinforces bearish sentiment. The EMA may act as dynamic resistance on any pullbacks. 4. Target Zone: The projected target is the key support zone around 1.14582, where price consolidated before the last major bullish move. This level has historical significance and aligns with a clean support demand zone. 5. RSI Indicator: RSI is not yet oversold, sitting in a neutral-to-bearish range, indicating further downside potential. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Entry Zone: On breakdown and rejection from the new resistance area (~1.16400–1.16700) Target Zone: 1.14582 (key support) Invalidation: A break and close above the resistance zone Confluence: CHOCH confirmation + support-turned-resistance + 200 EMA breakdown --- Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
2
USD/CAD) strong bullish trend Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar vs Canadian Dollar) on the daily timeframe. Here's a breakdown of the trade --- Technical Breakdown: 1. Breakout from Descending Channel: Price has broken out above a descending trend channel (marked with black lines). This breakout suggests a potential trend reversal or at least a bullish correction phase. 2. Key Support Zone (Yellow Box): The yellow zone marked as “support level” was a strong consolidation area. Price has bounced off this zone multiple times, forming a solid base for further upside. 3. Bullish Price Action: Price has closed above the previous resistance (now support), signaling bullish intent. Current candle structure confirms strength with bullish continuation patterns. 4. RSI Indicator: RSI is at 56.38, indicating bullish momentum without being overbought. Suggests there is room for further upside before exhaustion. --- Target Levels: Target Point 1: 1.37968 (near-term resistance) Target Point 2: 1.38615 (intermediate target) Target Point 3: 1.39064–1.39090 (longer-term resistance near the 200 EMA) Mr SMC Trading point --- Trade Idea Summary: Bias: Bullish Entry Zone: Break and retest of the yellow support area (~1.368–1.371) Target Zone: 1.379 – 1.390 Invalidation: Break below the yellow support zone Confluence: RSI strength + breakout of downtrend channel + structural support plesse support boost 🚀 this analysis)
Long
by SMC-Trading-Point
XUA/USD) Bearish Analysis Read The captionSMC trading point update Technical analysis of XAU/USD (Gold vs USD) on the 1-hour timeframe. Here's a breakdown Technical Analysis Summary 1. Descending Channel: The price is moving within a clear descending channel, indicating a bearish market structure. Recent price action rejected the upper boundary of the channel, strengthening the downtrend bias. 2. Resistance Rejection: A key resistance level around 3,340–3,345 was retested (marked with a red arrow) and rejected. Price has already shown early bearish candles post-rejection, suggesting weakness at that level. 3. 200 EMA (Exponential Moving Average): Price is currently hovering around the 200 EMA, and a clean break below it could accelerate the bearish move. 4. RSI Indicator: RSI is around 46, below neutral 50, showing bearish momentum is building but not yet oversold. No divergence is present, supporting the idea of continuation. --- Bearish Playbook Entry Idea: After the rejection at the resistance zone and confirmation of lower highs. Target: 3,313 – 3,310 zone (marked as the “key support level” and “target point”). Risk Management: A stop loss above 3,345 (above the resistance zone) would be a prudent protection level. --- Confluences Supporting the Short Setup: Rejection at horizontal resistance. Alignment with the descending trendline/channel. Price trading near or below the 200 EMA. RSI slightly bearish. Caution: Watch out for any macroeconomic news or high-impact events (highlighted with the economic event icons) that could inject volatility. A strong break back above the resistance could invalidate this bearish setup. Mr SMC Trading point Conclusion: This setup anticipates a bearish continuation targeting the 3,310 support zone. Ideal for short-term traders looking for downside opportunities, provided price respects the trend and fails to reclaim the resistance. Please support boost 🚀 this analysis)
FX:XAUUSDShort
by SMC-Trading-Point
15
USD/JPY) Bullish trend analysis Read The captionSMC trading point update Technical analysis of USD/JPY on the 4-hour timeframe, signaling a breakout and possible rally toward the 151.016 target zone. Here's the detailed breakdown: --- Technical Analysis – USD/JPY (4H) 1. Bullish Structure Breakout Price has broken above a long-term resistance trendline, indicating a bullish breakout from a rising wedge or ascending channel. The breakout is confirmed by bullish momentum and sustained price action above the previous highs. 2. Trendline + EMA Confluence Price remains well above the 200 EMA (145.143), reinforcing the bullish bias. A clear higher low was formed at the inner trendline (support), followed by strong upside moves. 3. RSI Strength RSI is around 63.16, indicating strong bullish momentum without being overbought yet. Suggests more upside potential while maintaining healthy trend conditions. 4. Price Target Projection The chart shows two upward extensions: First move projected ~+2.20%, indicating a measured move target around 149.7. Final target point is 151.016, based on previous price action extension and resistance level. Mr SMC Trading point --- Summary Bias: Bullish Current Price: 147.366 Key Support: Rising trendline + 145.143 EMA Targets: Short-term: ~149.7 Final: 151.016 RSI: Strong but not overbought (63.16) Invalidation: Break below the inner trendline support and EMA (below 145.00) Please support boost 🚀 this analysis)
Long
by SMC-Trading-Point
33
XUA/USD) Bullish Analysis Read The captionSMC trading point update Technical analysis of Gold (XAU/USD) analysis on the 3-hour --- Gold (XAU/USD) 3H Technical Analysis Summary Market Structure: Bullish breakout Price has successfully broken above both the downtrend line and the support zone (highlighted in yellow), signaling a shift in structure from bearish to bullish. Key Support Zone: The yellow zone (~3,335–3,355) was previously a resistance area. After the breakout, it is acting as a strong support level and has been retested. Trendlines: Downtrend line: Broken and retested. Uptrend line: Guiding current price action, supporting higher lows and forming an ascending channel. 200 EMA (blue line): Price is trading above the EMA 200 (~3,331), confirming bullish bias and providing dynamic support. Momentum (RSI 14): RSI is around 67.85, showing strong bullish momentum. Nearing overbought, so a minor pullback or consolidation could occur before continuation. Volume: Increase in buying volume near breakout area suggests institutional interest or strong buyer conviction. Mr SMC trading point --- Conclusion: Price has shifted into a bullish continuation pattern. A successful break and retest of structure and trendlines increases the likelihood of further upside. As long as price holds above the yellow support zone and the uptrend line, bullish momentum is favored. Short-term pullbacks may offer new long opportunities. --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
7