📊 SMC Analysis – GOLD 15M
• After the previous distribution and push to 4,005, price made a reset with a clean rejection at the support zone.
• A new Change of Character (ChoCH) and Break of Structure (BOS) confirmed continued institutional interest.
• Current projection: we may see a fake out and rejection before the next bullish leg.
• The market structure suggests continuation to the upside, targeting the 4,043 zone.
• Setup remains valid as long as price respects the support zone.
GOOD LUCK TRADERS…. ;)
• After the previous distribution and push to 4,005, price made a reset with a clean rejection at the support zone.
• A new Change of Character (ChoCH) and Break of Structure (BOS) confirmed continued institutional interest.
• Current projection: we may see a fake out and rejection before the next bullish leg.
• The market structure suggests continuation to the upside, targeting the 4,043 zone.
• Setup remains valid as long as price respects the support zone.
GOOD LUCK TRADERS…. ;)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.