XAU/USD) Technical analysis Read The caption

6月4日

SMC trading point update



Technical analysis of Gold (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas in the analysis:


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Chart Elements:

Support Level (Yellow Zone at ~3,340–3,350):

This area has been highlighted as a key support zone where price has bounced previously.

Price is currently hovering just above this level.


Downtrend Line:

A descending trendline is drawn, indicating a short-term bearish trend.

A breakout above this line could trigger bullish momentum.


Two Scenarios Outlined:

Bullish Scenario:

If price breaks the downtrend and holds above support, it may rally towards the upper target point at 3,419.68.


Bearish Scenario:

If price breaks below the support, the next target point is marked lower around 3,300.62, a previous consolidation area and close to the 200 EMA (blue line).



200 EMA (~3,324.72):

Acts as dynamic support. If price moves below it, bearish sentiment may increase.


RSI (Relative Strength Index):

RSI is neutral (~50.54), not showing overbought or oversold signals, leaving room for movement in either direction.




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Key Takeaways:

Neutral-Biased Setup: The price is consolidating between a clear support level and downtrend resistance.

Confirmation Needed: A breakout from either direction is necessary to confirm the next move.

Bullish Breakout: May lead to a retest of highs at 3,419.68.

Bearish Breakdown: Could push the price toward 3,300.62, aligned with past support and the 200 EMA.




Mr SMC Trading point

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Trading Ideas (based on this analysis):

Long Entry: On breakout above the downtrend line + confirmation above 3,360.

Short Entry: On breakdown below 3,340 with strong volume.

Stop-Loss: Just outside the consolidation zone depending on trade direction.

Risk Management: Be cautious around economic news (calendar icons shown suggest upcoming events).



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6月5日

交易進行

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