Smart Money Concept (SMC) Analysis of Gold (XAU/USD)
This chart illustrates the XAU/USD (Gold Spot) on the H1 timeframe. Using the Smart Money Concept (SMC) methodology, here is a detailed breakdown:
- Market Structure (BOS): Multiple bullish structure breaks since late August, confirming strong institutional activity. The last significant BOS occurred above 3620, now acting as a support zone.
- Order Blocks (OB): A clear bullish OB at 3620–3650, where price has reacted several times. A potential bearish OB is forming around 3740–3760.
- Liquidity Zones: Previous liquidity sweep around 3520–3550 is complete. The next liquidity target may sit above 3760.
- Fair Value Gaps (FVGs): An imbalance exists between 3665–3690, which may attract a retracement.
- Key Levels:
- Support: 3620–3650
- Mid-zone: 3690–3715
- Resistance: 3740–3760
✅ Conclusion: The chart highlights clear institutional footprints and liquidity pools. While directional bias is not specified, the 3620 support and 3760 resistance remain the most critical levels to watch for potential market reactions.