XAUUSD Bullish Recovery Setup from Discount Zone
This chart highlights a potential bullish scenario based on Smart Money Concepts (SMC). Price is currently trading near a key equilibrium area after rejecting lower levels. The marked discount zone and previous liquidity area may attract buyers if demand remains active.
The projected path suggests that price could revisit the discount zone to collect liquidity before attempting a recovery toward the equilibrium level. If buyers maintain control and the current structure is respected, the next area of interest is the previous weekly high (PWH), where liquidity may be resting.
The bullish outlook remains valid only while price continues to respect key support levels shown on the chart. A failure to hold these areas could delay or invalidate the projected move. As always, confirmation through market structure and price action is important before considering any trading decision.
Key Levels:
Support: Discount Zone / Previous Low
Mid-Level: Equilibrium
Resistance: Previous Weekly High (PWH)
Higher Target: Premium Liquidity Area
Trading Note:
This analysis reflects a personal view of current market structure and is intended for educational purposes only. It is not financial advice. Always wait for confirmation, apply proper risk management, and conduct your own analysis before entering any trade.