MrKTechnicalLevels

#XAUUSD H1 SMC Based Setup

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Our purchase at 2338 has surpassed all targets and is presently trading at 2366. If we witness an H1 closing above 2366, it could pave the way for 2380. However, buying at these elevated levels carries risk, particularly given that it's Friday, so I'll exercise caution. The range of 2380-96 might serve as resistance, potentially exerting downward pressure on the price.
Trade closed: target reached:
#H1 Update
The H1 chart for #XAUUSD witnessed an exhilarating moment as it confidently surpassed and closed above the pivotal 2366 level. What followed was a breathtaking surge of nearly 120 pips, propelling it to a remarkable new high of 2378. The absence of any substantial drawdown only added to the excitement of this remarkable move. It's moments like these that truly make trading exhilarating and rewarding. We're thrilled to share this joyous success with everyone and hope you all relished the thrill of these setups as much as we did. Such victories not only validate the quality of our analysis but also underscore the effectiveness of our strategies. Here's to more moments of triumph and prosperity ahead!

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Trade closed: target reached:
#XAUUSD H1 The recent price movement, dropping to 2360, showcases a significant shift of nearly 180 pips from our identified zone, affirming the strength of our analysis. Our forecast of Gold facing resistance around 2380-2396 was spot on, with the price hitting 2378 before retracing. This validates our precise analysis, built on well-defined levels and astute insights, consistently guiding traders to profitable outcomes in any market condition.

Mr K
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