SUPPLY AND DEMAND / SMC CONCEPT

In daily timeframe we have POI zone and inside the daily POI zone we have two supply zone. Recently market break the previous high so BOS was formed. once the BOS was formed market will come back to take the inducement. after taking the inducement market will make another higher high which indicate that market is in bullish trend.

In this analysis, we'll be focusing on the H1 timeframe for XAUUSD. We are looking for SELL opportunity from supply zone area (2392 - 2400). If the market price reject (2392 - 2400) supply zone area, than we go for sell and the target is set at 2380.00. But if market price break the area of supply zone toward upside than market price will go further in upward direction and we have another supply zone area at (2410 - 2416). Let's delve deeper into these levels and potential outcomes . Without any confirmation we can not execute our trade.

IN DAILY POI ZONE WE HAVE TWO SUPPLY ZONE:
Supply zone(1) key level: 2392 - 2400
Supply zone(2) key level: 2410 - 2416
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BREAKER BLOCK KEY LEVEL:2380 -2375

Trade active

Trade closed: target reached

Trade active:

Now market price reject the key level of 2386.50 and current market price moving downside indicating market momentum shift toward downside and the target will be set at (2377 - 2370). If market price break below the area of (2377 - 2370) toward downside than market will go further in downward direction. If market reject this (2377 - 2370) area toward upside than we look for buying opportunity.

Trade closed: target reached

Trade closed: target reached

Trade closed: target reached