SMC Trading Point Update


XAU/USD (Gold) – 1H Technical Analysis (SMC Perspective)

Market Bias: Bearish (70–75%)

Market Structure

Price is still respecting the ascending channel, but it has reached a major supply/order block around 4278–4285 (blue zone).
The two red arrows show that this resistance has already rejected price twice, indicating sellers are defending the area.
The latest candles show loss of bullish momentum with lower highs forming near resistance.

Key Resistance

4278–4285 (Supply / Order Block)
A strong 1H close above 4285 would invalidate the bearish setup.

Bearish Scenario (Preferred)

If price remains below 4285, sellers could push the market toward:

TP1: 4240
TP2: 4210
Main Target: 4178 (Order Block/Demand Zone shown on the chart)

This aligns with the projected move drawn on the chart.

Bullish Invalidation

If buyers: ) Mr SMC trading point

Break and close above 4285–4290,
Retest that level successfully,

then the next upside targets become:

4305
4320
4335

Trading Plan

Sell Entry: 4275–4285 (after bearish confirmation)
Stop Loss: Above 4292–4295
Take Profit 1: 4240
Take Profit 2: 4210
Final Target: 4178

SMC View

✅ Price has tapped a premium (sell) zone.
✅ Multiple rejections from the supply area.
✅ Liquidity has likely been collected above recent highs.
✅ Expect a move toward the discount zone around 4178 if sellers stay in control.

Overall Probability

📉 Bearish: 70–75%
📈 Bullish: 25–30% (only if price breaks and holds above 4285)



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