XAU/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of XAU/USD (Gold) on the 1-hour timeframe. Here’s a detailed breakdown of the idea:
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Context & Structure
The market has been in an uptrend, confirmed by a strong impulsive leg upward.
The current pullback retraced into a key demand zone (highlighted blue box), aligning with:
The 0.705 – 0.79 Fibonacci retracement zone, often a high-probability reversal area.
The EMA(50) at 4,092, which provides dynamic support.
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Key Technical Elements
1. Demand Zone (Blue Box):
Price has tapped into the discount area of the previous bullish move. This area is expected to attract buyers.
2. Fibonacci Confluence:
The retracement aligns with the 70.5–79% zone, suggesting potential exhaustion of the pullback.
3. EMA Support:
EMA(50) and EMA(200) are both trending upward, reinforcing bullish structure continuation.
4. Liquidity Sweep:
The lower wick into the demand zone may represent a liquidity grab before the next bullish leg.
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Projected Scenario
Expected reaction: bullish rejection from the 0.705–0.79 zone.
Price is anticipated to form a short-term higher low and then continue upward.
Target Point: 4,161.261 — aligns with the prior swing high / equal highs liquidity area.
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Trade Idea Summary
Bias: Bullish continuation
Entry Zone: 4,100–4,090 area (within blue zone)
Confirmation: Bullish reversal candle or break of minor internal structure upward
Target: 4,161
Invalidation: Clean break below 4,085 (below demand zone and EMAs)
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