XAU/USD) Bearish trand analysis Read The Chaptian

6月1日

SMC trading point update


Technical analysis of XAU/USD (Gold Spot) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here's a breakdown of the idea and trading scenario:


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Overall Idea: Bearish Continuation


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Market Context

Current Price: $3,291.99

EMA 200: $3,297.69 (acting as dynamic resistance)

Trend: Price is within a descending channel, respecting both downtrend and uptrend lines

Directional Bias: Bearish unless a breakout occurs



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Key Zones

1. Resistance Level (Sell Zone)

Around $3,320–$3,340

Price rejected this level multiple times → strong supply zone



2. FVG Level (Fair Value Gap)

Around $3,305–$3,315

Price tapped this area and showed rejection

Identified as a "seller zone" – price likely filled imbalance and now resuming trend





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Projected Move

Price is expected to:

1. Reject EMA and FVG zone


2. Continue downward movement


3. Target support around $3,244.95





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Indicators

EMA 200: Above price → bearish pressure

RSI (14): ~46.78 → no extreme reading, but leans bearish; room for further downside



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Trade Idea Summary

Bias: Bearish

Sell Entry: ~$3,300–$3,310 (already triggered)

Stop Loss: Above $3,320

Target: $3,244.95 (demand zone / previous low)

Risk/Reward: Favorable (~1:2+)



Mr SMC Trading point

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Warnings

Multiple economic event icons are marked (bottom of chart) → potential high volatility, especially around NFP/FOMC-related news



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6月1日

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