XAU/USD) Bearish trand analysis Read The Chaptian

5月25日

SMC trading point update


Technical analysis for Gold (XAU/USD) on the 4-hour timeframe. Here's a breakdown of the key ideas and strategy behind it:


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Key Elements of the Chart:

1. Descending Channel Pattern:

Price is moving within a descending channel (downward sloping resistance and support lines).

The red arrows mark previous rejections from the upper boundary of the channel.



2. Supply Zone / Resistance Area:

Highlighted in yellow, the price has entered a supply zone (between 3,412.00 and 3,440.42), historically where selling pressure has emerged.

The analysis suggests sellers may dominate again in this zone.



3. Price Action Projection:

Expected to reject from the supply zone, possibly forming a lower high.

Price is projected to break the short-term upward trendline, then fall sharply.



4. Target Points:

First target: 3,206.96 – likely aligned with a minor support level or Fibonacci retracement.

Second target: 3,085.56 – near the lower boundary of the descending channel.



5. EMA 200 (3,238.55):

Price is currently above the 200 EMA, but the projection anticipates a breakdown below it, confirming further bearish sentiment.



6. RSI Indicator:

RSI is at 67.56, near overbought territory, suggesting limited upside and a possible correction.





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Trade Idea Summary:

Bias: Bearish

Entry Zone: Between 3,412 – 3,440 (supply zone)

Confirmation: Rejection at the trendline + RSI divergence

Targets:

TP1: 3,206.96

TP2: 3,085.56


Invalidation: Break and hold above 3,440.42 (channel breakout)


Mr SMC Trading point


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Risk Management Note:

Ensure stop-loss is placed above the resistance zone (e.g., around 3,450) to mitigate false breakouts. Monitor fundamentals like upcoming US economic data, as they can heavily impact gold.





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5月28日

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