XAU/USD) Flag Analysis Read The ChaptianSMC Trading point update
Analysis presents a bullish outlook for XAU/USD (Gold vs USD) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here’s a breakdown of the key elements:
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Key Analysis Points:
1. Order Block + Key Support Zone:
Price recently tapped into a bullish order block around the $3,166.74–$3,208.62 zone.
This area is also marked as a "key support level", suggesting a strong demand zone.
The confluence of the Fair Value Gap (FVG) and order block gives this zone higher validity for potential reversal.
2. Bullish Market Structure:
The chart shows higher highs and higher lows, indicating a bullish trend.
Price action broke above a small consolidation, showing bullish momentum is resuming.
3. Projected Target:
The target point is set at $3,283.01, suggesting about a 55-point upside from the current price.
This target sits above a previous high, indicating anticipation of a liquidity grab or breakout.
4. RSI (Relative Strength Index):
RSI is at 57.94, which is a neutral-to-bullish zone. It supports the idea that there's still room for price to move up before being overbought.
5. EMA 200 (Exponential Moving Average):
The price is well above the 200 EMA, confirming a bullish bias in the higher timeframe.
Mr SMC Trading point
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Possible Strategy:
Long (Buy) Entry Zone: Between $3,166–$3,208 (ideal near the order block/FVG).
Target: $3,283
Stop Loss: Below the order block, ideally below $3,166 to avoid getting wicked out.
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Final Thoughts:
This is a well-structured bullish setup based on institutional concepts like order blocks and FVGs. The price is aligned with the trend, and RSI supports more upside. However, watch for any major news catalysts (especially with those economic event icons shown).
Pales support boost 🚀 analysis follow)
