### SMC-Based Setup Analysis:
1. High Probability Buy Setup:
- If H1 candle closes above 2364-65, initiate a big buy.
- Target: 130-250 pips move up to the 2386-2394 area (Fibo 0.50% area).
- This area might act as a good reversal point.
2. Downside Scenario:
- If H4 candle closes below 2330, expect a downward move.
- Target: 2298-2290 area (potential support for gold prices).
- This scenario is likely due to high volatility and rejection from the H4 Fair Value Gap area.
3. Alternate Upward Push:
- Price may get a significant upward push from the 2290-2300 area.
- Target: Approximately 100 pips move upwards.
1. High Probability Buy Setup:
- If H1 candle closes above 2364-65, initiate a big buy.
- Target: 130-250 pips move up to the 2386-2394 area (Fibo 0.50% area).
- This area might act as a good reversal point.
2. Downside Scenario:
- If H4 candle closes below 2330, expect a downward move.
- Target: 2298-2290 area (potential support for gold prices).
- This scenario is likely due to high volatility and rejection from the H4 Fair Value Gap area.
3. Alternate Upward Push:
- Price may get a significant upward push from the 2290-2300 area.
- Target: Approximately 100 pips move upwards.
Trade closed: target reached
Mr K
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Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.