SMC trading point update
Technical analysis of Gold (XAU/USD) analysis on the 3-hour
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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
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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.
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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)
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(Services:✔️ JOIN Telegram channel
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
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.