SMC Vs. Price Action for Gold- XAUUSD

15 May

Gold is creating reversal candle for H4 Time Frame. There are two probabilities as shown on the chart here. Which says that probably gold may reverse from here and will move upto 2355 and max 2290. Scenario says something different for SMC theory. Here there is an unexplored area of 2375-2400 which may be explored sooner or later. But what if it moves in downward direction? It seems like it may reach upto 2357. Below that level is 2335 and this might be the optimum entry point for buyers and this time gold may explore the higher range of 2375 to 2400. After reaching 2400 there might be retracement of 2375 and further rally upto new high upto 2440 and down support now we may find is near 2365. Downward scenario say below 2355 if H4 or Day Candle sustain below it may again check for 2290. And can rally further for upward movement. For buyers keep an eye for entry around 2360 for retracement and 2300-2310 as trend reversal point for the down trend created from current close of H4 which is around 2375.

21 May

Not

2450 HIT!!!!