XAU/USD) bullish trend analysis Read The Chaptian

SMC trading point update



Technical analysis of XAU/USD (Gold Spot price against USD) on a 1-hour timeframe, featuring a Smart Money Concept (SMC) approach. Here's a breakdown of the key ideas presented:


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1. Downtrend & Trendline Break

The chart initially shows a downtrend with two red arrows marking lower highs.

A trendline is broken, indicating a potential shift in market structure.

CHOCH (Change of Character) is labeled — a key SMC concept signaling a reversal from bearish to bullish structure.



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2. Orderblock & FVG (Fair Value Gap)

A bullish orderblock is highlighted, indicating an area where institutional buying may have occurred.

A Fair Value Gap (FVG) is shown, which often acts as a magnet for price to fill inefficiencies before continuing in the intended direction.



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3. Resistance & Target Zones

A resistance level is marked near 3248–3250, which price may revisit and possibly break.

Two target points are identified:

First target: ~3344

Final target: ~3433




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4. EMA 200

The EMA 200 is acting as dynamic resistance; a break above it adds confluence to the bullish bias.



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5. Expected Move

The analysis anticipates:

1. A pullback into the FVG or orderblock.


2. A bullish continuation after mitigating those zones.


3. Price aiming for the resistance and eventually the upper targets.


Mr SMC Trading point


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Conclusion

This is a bullish outlook based on a structural break (CHOCH), institutional demand (orderblock), and gap-filling logic (FVG). The price is expected to pull back slightly and then rally toward the 3344 and 3433 levels if it holds the orderblock zone.





Pales support boost 🚀 analysis follow)