Gold (XAU/USD) has consolidated near $3,332 after an SMC-style structure sweep above $3,338, which likely captured institutional liquidity before a clean CHoCH and pullback toward a key demand zone at $3,322–$3,328. This demand zone held firmly—on a bullish 4‑hour candle—indicating underlying strength.
Key technical confluences:
CHoCH above $3,322 confirms bullish structure.
Price above 200‑SMA and mid-Bollinger Band on 4H.
RSI (~55‑60) and MACD showing resumed bullish momentum.
✅ 4H Entry Strategy Breakdown
Bullish Retest
Wait for price to revisit $3,322–$3,328 with bullish candle formation → enter long.
SL just below $3,312; targets at $3,345 and then $3,355.
Breakout Option
If momentum pushes price above $3,353 resistance, follow the breakout with target zones extending to $3,365–$3,380.
Supply Rejection
Alternatively, watch for reversal patterns near $3,345–$3,353. A confirmed rejection opens a short trade down to $3,322.
Scalp Play
For quicker profits, scalp the bounce from the demand zone with tight stops and targets within the 4‑hour upper range.
Risk note: US CPI and trade headlines may inject volatility. Waiting for candle confirmation is critical to validate setups.
Key technical confluences:
CHoCH above $3,322 confirms bullish structure.
Price above 200‑SMA and mid-Bollinger Band on 4H.
RSI (~55‑60) and MACD showing resumed bullish momentum.
✅ 4H Entry Strategy Breakdown
Bullish Retest
Wait for price to revisit $3,322–$3,328 with bullish candle formation → enter long.
SL just below $3,312; targets at $3,345 and then $3,355.
Breakout Option
If momentum pushes price above $3,353 resistance, follow the breakout with target zones extending to $3,365–$3,380.
Supply Rejection
Alternatively, watch for reversal patterns near $3,345–$3,353. A confirmed rejection opens a short trade down to $3,322.
Scalp Play
For quicker profits, scalp the bounce from the demand zone with tight stops and targets within the 4‑hour upper range.
Risk note: US CPI and trade headlines may inject volatility. Waiting for candle confirmation is critical to validate setups.
Note
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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.