Divergence has appeared at H4 – TOP IS ABOUT TO BE FORMEDGold SMC Daily Plan – 28/08
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Market Context (SMC perspective):
• Price is currently trading around 3395–3396 after an impulsive bullish run and showing early bearish divergence on H4, signaling a potential short-term top.
• Key resistance sits at 3400 – a clean break above could sweep liquidity towards 342x–343x, retesting old ATH.
• If 3370 support breaks, price could retrace deeper into the 335x BUY zone for a strong bullish setup.
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Key Levels:
• Resistance: 3396–3400 (Sell Zone), 342x–343x (liquidity sweep area)
• Support: 3370, 3354–3352 (Buy Zone), 3325 (SL for buys)
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SMC Zones & Liquidity Pools:
• BUY ZONE 1: 3354–3352 (below liquidity sweep under 3370)
o SL: 3347
o TP: 3365 → 3375 → 3385 → 3395 → 3400+
• BUY ZONE 2: 3380 – 3382
o SL: 3374
o TP: 3390 → 3400 → 3415 →3430 → 3450+
• SELL ZONE: 3408 - 3410 (above recent high)
o SL: 3416
o TP: 3390 → 3380 → 3375 → 3360
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Plan & Scenarios:
1. Sell Scenario (Primary Bias – Divergence Play):
o Wait for liquidity grab above 3396–3399 (sweep into resistance)
o Enter short with SL above 3403
o Scale out profits at 3390–3380–3375; leave runner targeting 3360 if support breaks
2. Buy Scenario (Counter Play – Break & Retest):
o If price dips into 3354–3352 buy zone, look for bullish reaction (choch / BOS on lower TF)
o Enter long with SL below 3347
o Target 3365–3375–3385–3395–3400+
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Confluence:
• H4 bearish divergence indicating exhaustion at top
• Untapped liquidity zones above 3396 and below 3370
• FVG and imbalance areas aligning with the 335x buy zone
