XAUUSD 4H – Break & Retest With Bullish Continuation | SMC🚨 Gold (XAUUSD) is setting up for a potential bullish move after a successful break and retest of a key resistance zone at 3346 – 3348, now turned into fresh support.
🔍 Technical Breakdown:
📌 Structure:
Gold previously formed a strong resistance near 3346, which aligned with multiple rejections in past sessions. After a liquidity sweep and break above this level, price retraced for a textbook break-and-retest setup.
📌 CHoCH & BOS (Break of Structure):
The market showed a bullish Change of Character followed by a clean Break of Structure to the upside, confirming bullish intent.
📌 Smart Money Perspective:
Institutional demand was respected at 3296–3305 zone.
Liquidity below this zone has been taken.
Current bullish candles are printing higher highs and higher lows.
📌 Confluences:
✅ Break & Retest of major structure
✅ Clean demand zone below
✅ Imbalance filled
✅ Bullish market structure
✅ SMC confirmation (CHoCH + BOS + Mitigation)
📈 Trade Idea (Long Setup):
💰 Buy Entry: 3359
🔻 Stop Loss: 3305 (below demand + structure)
🎯 Take Profit 1: 3400
🎯 Take Profit 2: 3440 – 3442 (major resistance)
🧮 Risk-to-Reward: 1:2+
This setup provides a strong bullish continuation opportunity targeting the upper resistance zone. Monitor candle confirmations and session volume for more precise entries.
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