XAUUSD Gold Spot: SMC & ICT Insights!Analysis:
Price Action Strategy
The market structure indicates a bearish trend with lower highs and lower lows.
Break of Structure (BOS) and Change of Character (CHoCH) annotations highlight key turning points in the trend.
Price is currently hovering below a Fair Value Gap (FVG), hinting at potential resistance.
Smart Money Concepts (SMC) Strategy
The BOS and CHoCH confirm liquidity shifts, suggesting institutional activity.
The FVG zone represents an area where smart money might trigger a liquidity sweep.
Volume profile shows strong resistance around the 3,310.85 level, which aligns with potential selling pressure.
ICT (Inner Circle Trader) Strategy
Fibonacci retracement levels (0.786 at 3,224.46, 0.618 at 3,191.53, and 0.382 at 3,175.62) indicate potential reversal zones.
RSI at 45.83 suggests neutral conditions—not yet overbought or oversold.
MACD is showing a bearish crossover, reinforcing downward momentum.
Buy and Sell Strategies
Buy Strategy: Look for a break above the FVG and confirmation at the 0.618 Fibonacci level (3,191.53). Signals to watch for: RSI moving above 50 and MACD flipping bullish.
Sell Strategy: Consider selling if the price fails to break above the FVG and 0.618 Fibonacci level, confirming further downside with RSI dropping below 40 and MACD continuing bearish.
VIP SIGNAL
LONG entry: 3,191.53
tp1: 3,224.46
tp2: 3,310.85
sl: 3,175.62
Free Forex and crypto signals
t.me/Pipsschase09
t.me/Pipsschase09
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.
Free Forex and crypto signals
t.me/Pipsschase09
t.me/Pipsschase09
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.