This chart suggests a bullish bias in the medium term.

This is a 1-hour candlestick chart for Gold Spot (XAU/USD) . The chart includes various Smart Money Concepts (SMC) annotations used by traders to anticipate price movements. Here's a breakdown of the key elements and what they suggest:

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### **Key Annotations & Zones:**

1. **CHoCH (Change of Character)**

* Located near the center of the chart around the 3,335–3,340 zone.
* Indicates a potential trend reversal from bearish to bullish.

2. **FVG (Fair Value Gap)**

* Same region as the CHoCH zone (3,335–3,345).
* A price imbalance where price might revisit before continuing upward.

3. **SSL (Sell-side Liquidity)**

* Highlighted below the current price (around 3,310).
* Denotes liquidity below a previous low where stop-losses from long positions may reside.
* Price could dip here to grab liquidity before heading higher.

4. **BSL (Buy-side Liquidity)**

* Marked near the top (around 3,395–3,400).
* A target area where stop-losses from short positions or breakout buy orders may reside.

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### **Price Forecast Path (Dashed Arrows):**

* The forecast suggests a **short-term dip** into the **SSL zone**.
* Followed by a **strong bullish move**, possibly triggered after a liquidity sweep.
* The price is expected to return to the **FVG zone**, consolidate, and then push up toward the **BSL zone** at \~3,400.

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### **Overall Interpretation:**

This chart suggests a bullish bias in the medium term. The trader anticipates:

* A brief decline to gather sell-side liquidity.
* A rally fueled by a CHoCH and FVG retest.
* An ultimate aim to target buy-side liquidity above the recent highs.