SMC Trading point update
This chart analysis of Gold (XAU/USD) on the 2-hour timeframe appears to be a bearish setup based on Smart Money Concepts (SMC). Here's a breakdown
Key Elements:
1. Price Channel Break & CHoCH:
The price was in a rising channel.
A clear Change of Character (CHoCH) occurred after the price broke below the structure, signaling a shift from bullish to bearish.
2. Fair Value Gap (FVG):
There's a bearish Fair Value Gap (FVG) highlighted in the yellow box around the 3,047–3,075 level.
The expectation is that price may retrace into this FVG before continuing downward.
Mr SMC Trading point
3. Target Zone:
A major demand zone or target point is marked around 2,940, indicating a potential bearish move of around -148 points (~4.8%) from the FVG.
4. EMA & RSI:
200 EMA is around 3,047, acting as dynamic resistance now.
RSI is below 40 and trending down, showing bearish momentum with slight bullish divergence, hinting at a short retracement before another drop.
---
Summary of the Idea:
Bias: Bearish
Trade Plan:
Wait for price to retrace into the FVG zone (~3,047–3,075).
Look for bearish confirmation (like bearish engulfing or rejections).
Enter short with a target at 2,940, stop above FVG.
Pales support boost 🚀 analysis follow)
This chart analysis of Gold (XAU/USD) on the 2-hour timeframe appears to be a bearish setup based on Smart Money Concepts (SMC). Here's a breakdown
Key Elements:
1. Price Channel Break & CHoCH:
The price was in a rising channel.
A clear Change of Character (CHoCH) occurred after the price broke below the structure, signaling a shift from bullish to bearish.
2. Fair Value Gap (FVG):
There's a bearish Fair Value Gap (FVG) highlighted in the yellow box around the 3,047–3,075 level.
The expectation is that price may retrace into this FVG before continuing downward.
Mr SMC Trading point
3. Target Zone:
A major demand zone or target point is marked around 2,940, indicating a potential bearish move of around -148 points (~4.8%) from the FVG.
4. EMA & RSI:
200 EMA is around 3,047, acting as dynamic resistance now.
RSI is below 40 and trending down, showing bearish momentum with slight bullish divergence, hinting at a short retracement before another drop.
---
Summary of the Idea:
Bias: Bearish
Trade Plan:
Wait for price to retrace into the FVG zone (~3,047–3,075).
Look for bearish confirmation (like bearish engulfing or rejections).
Enter short with a target at 2,940, stop above FVG.
Pales support boost 🚀 analysis follow)
Trade closed: target reached
done target
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Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
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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.
(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
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.