XAU/USD technical analysis setup Read The caption

13 ก.ค.

SMC trading point update



Technical analysis of (XAU/USD) on the 6-hour timeframe, focusing on a key resistance zone that could trigger either a bullish breakout or a bearish reversal.


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Analysis Summary

Current Price: $3,357.95

Trend Context: Price is testing a strong resistance zone with a possible breakout or rejection in play.



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Scenario 1 – Bullish Breakout

1. Resistance Zone: $3,357–$3,372

Multiple previous rejections.

A confirmed close above $3,372.77 signals bullish strength.



2. Upside Targets:

Target 1: $3,393.87

Target 2: $3,452.08



3. Indicators:

RSI at 63.74, approaching overbought but still with room to rally.

EMA 200 is trending upward, supporting bullish bias.





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Scenario 2 – Bearish Rejection

1. If price fails to close above $3,372.77, a rejection from resistance is likely.


2. Downside Targets:

Reversal projected toward the key support zone at $3,246.97

EMA 200 at $3,300.97 may provide temporary support before breakdown.





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Trade Ideas

Direction Entry Level Stop-Loss Target 1 Target 2

Bullish Close above $3,372 Below $3,346 $3,393.87 $3,452.08
Bearish Rejection from $3,357–$3,372 Above $3,380 $3,300 → $3,246.97


Mr SMC Trading point
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Summary

This is a critical decision point for Gold. A breakout above resistance can propel price to $3,450, while rejection could drive price back to $3,246. The reaction at the current zone will dictate the next major swing.





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14 ก.ค.

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