XAUUSD- Mid Term

Chart Description – XAUUSD 1H (Gold Spot vs. USD)

This is a multi-scenario Smart Money Concept (SMC)-based projection chart for Gold (XAUUSD), focusing on potential bullish retracements and major bearish continuations, incorporating Buy Zones, Sell Zones, and Change of Character (CHOCH) areas.

🔍 Key Components:
🟣 Sell Zones
Two sell zones are identified, with the highest near the All-Time High (ATH) around the $3,500 mark.

These are areas of expected bearish reaction if price retraces upward after a low.

🟢 Buy Zones
Located between $3,200 – $3,160 and another deeper one near $2,960, where potential bullish reactions may occur.

🔵 CHOCH - 4H
Marked in red around $3,260 area, indicating a 4-hour Change of Character, suggesting a potential shift from bullish to bearish sentiment.

🔸 Key Price Levels
$3,120: Historical support/resistance.

$2,956.20: Major swing low and key demand zone.

📊 Projected Market Path (Colored Waves)
🔹 Blue Path (Bullish Retracement Scenario)
Price is expected to retrace into a sell zone around $3,400–$3,460 after testing the current demand.

From there, a major sell-off is anticipated.

🔷 Cyan Path (Bearish Continuation)
Following the retracement, the market is projected to break below the recent low and head toward lower buy zones, potentially near the $3,120 and $2,960 regions.

Shows lower-high and lower-low formation, consistent with a bearish trend.

🧠 Market Sentiment
This chart suggests a bearish outlook for Gold unless a structural shift invalidates the CHOCH zone and supply levels. The chart highlights the importance of:

Waiting for confirmation in the supply zones before shorting.

Considering buy opportunities only in valid buy zones with bullish reaction confirmation.