Smart money concept analysis on Gold price

3 בדצמ׳ 2024

1. Market Structure: Currently transitioning to bullish with a CHoCH indicating a potential reversal from the bearish trend.


2. Key Zones:

Demand Zone: $2,620–$2,630 (strong low, institutional buying zone).

Supply Zone: $2,650–$2,660 (weak high, potential liquidity grab area).


3. Trade Ideas:

Long: Enter near $2,620–$2,630 if price confirms bullish momentum (e.g., BOS up).

Short: Look for rejection at $2,650–$2,660 if bearish signs appear.