📊 XAU/USD Analysis – Smart Money Concepts
Gold is at a key decision point:
• If the 1H Order Block breaks to the downside, this confirms a Change of Character (ChoCh) and we can expect bearish continuation toward 3,345.
• If price makes a fake-out and reclaims the zone, it will act as a liquidity trap, giving buyers momentum to push higher toward 3,390.
🔑 Key Levels:
• Bullish target: 3,390
• Bearish target: 3,345
• Critical zone: 1H OB
This is a classic SMC setup – wait for confirmation before entering and manage risk accordingly.
GOOD LUCK TRADERS ;)
Gold is at a key decision point:
• If the 1H Order Block breaks to the downside, this confirms a Change of Character (ChoCh) and we can expect bearish continuation toward 3,345.
• If price makes a fake-out and reclaims the zone, it will act as a liquidity trap, giving buyers momentum to push higher toward 3,390.
🔑 Key Levels:
• Bullish target: 3,390
• Bearish target: 3,345
• Critical zone: 1H OB
This is a classic SMC setup – wait for confirmation before entering and manage risk accordingly.
GOOD LUCK TRADERS ;)
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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.