#XAUUSD H1/H2 SMC Based Setup
Currently, the price is in a strong bullish movement. I recommend staying with the trend, which is currently bullish. Therefore, we will focus on finding good buying opportunities.
1. **First Buying Area (2392-2400)**: This level has previously acted as a strong supply/selling zone, making it a potential resistance area this time. We expect it to push the gold price up by at least 100 pips from this zone. We'll look for buying opportunities within this area.
2. **Second Buying Area (2382-2387)**: This is an H1/H2 Order Block with a good value gap. If the first area fails to hold, this will be an excellent buying zone, potentially leading to a 100-150 pips move.
3. **Preferred Buying Area (Above 2426-2432)**: Once an H1/H4 candle closes bullish above the previous lifetime high, we may expect a very sharp move of 100-200-400 pips from this level.
Currently, the price is in a strong bullish movement. I recommend staying with the trend, which is currently bullish. Therefore, we will focus on finding good buying opportunities.
1. **First Buying Area (2392-2400)**: This level has previously acted as a strong supply/selling zone, making it a potential resistance area this time. We expect it to push the gold price up by at least 100 pips from this zone. We'll look for buying opportunities within this area.
2. **Second Buying Area (2382-2387)**: This is an H1/H2 Order Block with a good value gap. If the first area fails to hold, this will be an excellent buying zone, potentially leading to a 100-150 pips move.
3. **Preferred Buying Area (Above 2426-2432)**: Once an H1/H4 candle closes bullish above the previous lifetime high, we may expect a very sharp move of 100-200-400 pips from this level.
Trade closed: target reached
#Update #H1 As we anticipated, in the third scenario, which we preferred, the market performed exactly as we predicted. We mentioned that once the H1/H4 closed above the previous all-time high of 2426-2432, we would see a move of 100-200-300 pips. Indeed, the market moved precisely according to our analysis, reaching a high of 2449 from the 2432 area, yielding an easy 170 pips without any drawdown. This is a testament to the accuracy and effectiveness of our analysis.
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.