Gold is currently showing a high-volatility "coiling" phase. On the H4 timeframe, price is consolidating within a tight range, struggling to find a clear direction.
SMC & Technical Perspective:
Liquidity: Buy-side liquidity is resting just above the $4,770 level. A sweep here could trigger a fast move.
Order Block (Supply): A major supply zone is identified around $4,830 - $4,850. Watch for a shift in market structure (mMS) if price taps this area.
Demand Zone: Price is finding strong support at the $4,700 - $4,710 demand zone (100-day MA confluence).
Key Levels:
๐ Resistance: $4,750 (Immediate Pivot) | $4,830 (Major Supply)
๐ Support: $4,700 (Critical Floor) | $4,645 (Deep Structural Support)
Bias: Short-term neutral/bearish below $4,730. A break above $4,770 confirms bullish momentum toward $4,850+.
#XAUUSD #ForexTrading #SMC $XAU
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SMC & Technical Perspective:
Liquidity: Buy-side liquidity is resting just above the $4,770 level. A sweep here could trigger a fast move.
Order Block (Supply): A major supply zone is identified around $4,830 - $4,850. Watch for a shift in market structure (mMS) if price taps this area.
Demand Zone: Price is finding strong support at the $4,700 - $4,710 demand zone (100-day MA confluence).
Key Levels:
๐ Resistance: $4,750 (Immediate Pivot) | $4,830 (Major Supply)
๐ Support: $4,700 (Critical Floor) | $4,645 (Deep Structural Support)
Bias: Short-term neutral/bearish below $4,730. A break above $4,770 confirms bullish momentum toward $4,850+.
#XAUUSD #ForexTrading #SMC $XAU
$BTC
$ETH
#TradingStrategy #MarketUpdate