SMART MONEY CONCEPT (SMC)📊 XAU/USD – Bullish Scenario Explained
Gold remains in a bullish bias with clear signals:
1️⃣ Change of Character (ChoCh) + Breaks of Structure (BOS):
The market confirmed bullish strength by breaking previous structures.
2️⃣ Fake out and rejection at OB-1H:
The current pullback looks like a liquidity sweep (fake out) to trap sellers before bouncing from the 1H Order Block, aligned with the support zone.
3️⃣ Expected direction:
As long as the OB-1H and demand zone hold, price is likely to continue pushing higher.
4️⃣ Target:
The next key level is 3,400, where the last Higher Highs (HH) are located and unmitigated sell orders may be absorbed.
💡 Educational tip: Fake outs are not failures – they are liquidity traps that provide the fuel for the main trend to continue. GOOD LUCK TRADERS ;)
🎯 Bias: Bullish toward 3,400.
