Unlocking Market Potential: Harnessing the Power of H1 SMC Based

After a prolonged period, we've finally broken out of the range market, with our higher time frame strategy yielding over 450 pips in two trades. The first trade peaked at 2338 after surpassing 2323, while the second trade, triggered by a H4 candle closing above 2342, reached 2378 before retracing near the 2380 mark. Now, a new structure is forming in Gold, observed through the H1 SMC Based Setup. This week, expect significant volatility due to major data releases like CPI and Unemployment figures. Currently, Gold seems to be undergoing a pullback phase from its recent high of 2378, with potential support zones at 2344-2337, which previously acted as strong resistance. We'll watch closely for bullish rejection candles or hammer patterns near this area before planning a buy entry, targeting an easy 100 pips. And if this area failed to hold the fall next area we have is around 2328-2322 which may push price upside as this is good POI with another H1 order block.
On the upside, hurdles exist around 2381-2387 & 2392-2400, untested resistance zones along with Bearish order block which may prompt selling opportunities. However, sticking with the trend is preferable. Another potential selling opportunity lies around 2367-2370, with a solid rejection serving as a signal for a sell position, using 2372 as a stop loss and targeting 70-100 pips.While I'll exercise patience, I'll be eagerly awaiting a buy opportunity around the 2344-2337 area, which could potentially yield 100-250 pips in gains.

#ForexTrading
#CryptoTrading
#TechnicalAnalysis
#FundamentalAnalysis
#TradingSignals
#DayTrading
#SwingTrading
#CurrencyPairs
#Bitcoin
#Ethereum
#Altcoins
#Blockchain
#CryptocurrencyNews
#TradingStrategies
#RiskManagement
#MarketVolatility
#ProfitTaking
#HODL
#BullMarket
#bearmarket

Trade active

#Update
#H1 SMC Based Setup
As Anticipated Gold Has retraced back to our marked zone of 2344-2337 from 2364 exactly as per per our prediction but selling pressure is very high at the movement so we will wait for good confirmation before taking buy like 1-2 consecutive Green M15 candle or Green H1 candle before taking buy if this area failed to hold the price than next good area we have is 2328-2322 but chnaces of rejection from this marked area is pretty high though today we do not have any major news so may expect some recovery by us session.

Trade active

#XAUUSD H1 As Anticpated We Are On The Move Of 100 Pips From our 2337-2342 marked zone area If Price Sustain above 2349-50 level than 2358 is as well possible .

Trade closed: target reached

#Late Update #XAUUSD #XAUUSD H1 Hourly Chart Setup
As anticipated in our analysis of the hourly timeframe, we accurately predicted a movement of around 200 pips. True to our forecast, the price has surged nearly 200 pips, rising from the 2337 to 2357 range. Our analytical prowess remains exceptional, particularly on longer timeframes, where our expertise consistently shines. Stay tuned for further high-quality setups like this one. If the hourly candle concludes below the 2344-2342 level, we might see further downside towards the 2328-2322 range. Conversely, if the hourly candle manages to close above 2355, there's potential for a swift move towards the 2367-2375 levels.

Trade closed: target reached

#Recent Forecast #Gold #Gold Hourly Chart Analysis
As projected in our examination of the hourly chart, our forecast materialized with precision, witnessing a substantial uptick of over 300 pips. Just as envisaged, the price soared from the 2337 to 2373 level. Our adept analysis continues to demonstrate remarkable accuracy, especially on extended timeframes, showcasing our proficiency. Keep an eye out for forthcoming top-notch analyses akin to this one.

Trade closed: target reached

made high of 2387

Trade closed manually

ALL Target Done Almost 700 Pips Move

MrKTechnicalLevels

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

Also on:

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.

MrKTechnicalLevels

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

Also on: