This is a technical analysis chart of *XAU/USD (Gold Spot vs US Dollar)* on the *daily timeframe (1D)*. Several tools and patterns are used in this analysis. Here's a breakdown:
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### *1. Fibonacci Retracement Levels*
- Standard *Fibonacci retracement* tool is used to measure potential pullback levels.
- Common levels seen: *0.236, 0.382, 0.5, 0.618, 0.786*
- These are drawn from a significant swing low to swing high to project support/resistance levels.
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### *2. Trendlines*
- A *Bullish Trend Line* is drawn connecting higher lows.
- There's also a *dotted internal trendline*, possibly used to monitor structure shifts or channels.
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### *3. Break of Structure (BOS)*
- The label *"BOS"* marks where price breaks a previous high — indicating a potential bullish trend continuation.
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### *4. Cloning (Projection Tool)*
- The move from the previous low to high is *cloned* and projected from a later low point.
- This is used to estimate a potential future price target (mirroring previous impulse moves).
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### *5. Price Target Box*
- A *rectangular zone* is drawn projecting a *price target area* around 3,169.71, showing potential bullish continuation.
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### *6. SSL (Sell-side Liquidity)*
- Marked zone labeled *SSL* around 2,880 – likely indicating an area where stop losses are expected to be hit (liquidity grab).
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### *7. Support Zones*
- Multiple *Support Areas* are marked below, especially around the 2,640 – 2,760 range.
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### *8. 50% Equilibrium Lines*
- A 50% line is drawn through key impulse moves — often used by smart money traders to assess fair value or equilibrium zones.
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### *9. Time Axis Projection*
- The chart has a projection reaching out to *August 2025*, giving a long-term outlook.
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This chart seems based on *Smart Money Concepts (SMC)* and *Fibonacci-based price projection*, likely targeting institutional order flow, liquidity zones, and trend continuation patterns.
If you want help analyzing the setup or how to build something like this, let me know!
---
### *1. Fibonacci Retracement Levels*
- Standard *Fibonacci retracement* tool is used to measure potential pullback levels.
- Common levels seen: *0.236, 0.382, 0.5, 0.618, 0.786*
- These are drawn from a significant swing low to swing high to project support/resistance levels.
---
### *2. Trendlines*
- A *Bullish Trend Line* is drawn connecting higher lows.
- There's also a *dotted internal trendline*, possibly used to monitor structure shifts or channels.
---
### *3. Break of Structure (BOS)*
- The label *"BOS"* marks where price breaks a previous high — indicating a potential bullish trend continuation.
---
### *4. Cloning (Projection Tool)*
- The move from the previous low to high is *cloned* and projected from a later low point.
- This is used to estimate a potential future price target (mirroring previous impulse moves).
---
### *5. Price Target Box*
- A *rectangular zone* is drawn projecting a *price target area* around 3,169.71, showing potential bullish continuation.
---
### *6. SSL (Sell-side Liquidity)*
- Marked zone labeled *SSL* around 2,880 – likely indicating an area where stop losses are expected to be hit (liquidity grab).
---
### *7. Support Zones*
- Multiple *Support Areas* are marked below, especially around the 2,640 – 2,760 range.
---
### *8. 50% Equilibrium Lines*
- A 50% line is drawn through key impulse moves — often used by smart money traders to assess fair value or equilibrium zones.
---
### *9. Time Axis Projection*
- The chart has a projection reaching out to *August 2025*, giving a long-term outlook.
---
This chart seems based on *Smart Money Concepts (SMC)* and *Fibonacci-based price projection*, likely targeting institutional order flow, liquidity zones, and trend continuation patterns.
If you want help analyzing the setup or how to build something like this, let me know!
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.
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.