🔍 Analyzing XAUUSD on the 1H timeframe using Smart Money Concepts.
This chart highlights a potential bearish setup with clear structure shifts, key supply zones, and a defined target area.
🧠 Key Insights:
✅ Structure Shift Confirmed
→ Multiple CHoCH + BOS indicate a clear transition from bullish to bearish.
→ Momentum favors the downside.
📍 Retracement Zone = Potential Sell Area
→ Price is pulling back into a key supply zone.
→ Look for bearish confirmation before entry.
🔺 Resistance Alert:
→ Long-term resistance holds strong.
⚠️ Note: If price breaks above 3,349, selling becomes invalid. Wait for next resistance.
🎯 Target Zone:
→ Major support at 3,292.208
→ Aligned with previous Strong Low and high liquidity area
→ Expected drop: -56.46 pts (-1.69%)
🛡️ Risk Management:
Stop-Loss: Above 3,349 zone
Take-Profit: Around 3,292
Entry: After clear rejection within retracement zone
📌 Summary:
Gold is retracing into a supply zone under a bearish SMC framework. Unless resistance is broken, this setup favors shorting with proper confirmation and risk control.
#XAUUSD #GoldAnalysis #SMC #SmartMoney #PriceAction #ForexTrading #SupplyDemand #BreakOfStructure #CHoCH #TechnicalAnalysis #GoldSetup #DayTrading #MarketStructure #BearishSetup #TradingView
This chart highlights a potential bearish setup with clear structure shifts, key supply zones, and a defined target area.
🧠 Key Insights:
✅ Structure Shift Confirmed
→ Multiple CHoCH + BOS indicate a clear transition from bullish to bearish.
→ Momentum favors the downside.
📍 Retracement Zone = Potential Sell Area
→ Price is pulling back into a key supply zone.
→ Look for bearish confirmation before entry.
🔺 Resistance Alert:
→ Long-term resistance holds strong.
⚠️ Note: If price breaks above 3,349, selling becomes invalid. Wait for next resistance.
🎯 Target Zone:
→ Major support at 3,292.208
→ Aligned with previous Strong Low and high liquidity area
→ Expected drop: -56.46 pts (-1.69%)
🛡️ Risk Management:
Stop-Loss: Above 3,349 zone
Take-Profit: Around 3,292
Entry: After clear rejection within retracement zone
📌 Summary:
Gold is retracing into a supply zone under a bearish SMC framework. Unless resistance is broken, this setup favors shorting with proper confirmation and risk control.
#XAUUSD #GoldAnalysis #SMC #SmartMoney #PriceAction #ForexTrading #SupplyDemand #BreakOfStructure #CHoCH #TechnicalAnalysis #GoldSetup #DayTrading #MarketStructure #BearishSetup #TradingView
Trade active
Gold Bearish hit +170 pips Trade still active 🔥
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📢Join On Telegram For 97% Sure Signals ✔️
t.me/+5s29Zneddx5hOWM0
✅️Use My 100% Recommended World best Broker Register 👇
one.exness-track.com/a/m5aranj8tt
t.me/+5s29Zneddx5hOWM0
✅️Use My 100% Recommended World best Broker Register 👇
one.exness-track.com/a/m5aranj8tt
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.