Gold (XAU/USD) Technical Analysis:

Gold (XAU/USD) Technical Analysis:

Based on our strategy integrating SMC, Elliott Wave, Gann angles, and Fibonacci retracement levels, gold is currently showing signs of weakness after a strong bullish rally. Below is a breakdown of the market structure:

1️⃣ Market Structure & Price Action:
• Gold reached a weak high around the 2960 zone before showing rejection.
• A clear BOS (Break of Structure) to the downside confirms a shift in market sentiment.
• Price is now trading below the previous daily high (PDH) and approaching key demand zones.

2️⃣ Key Levels:
• Support Levels:
• 2787 - 2770: Major demand zone and 50% retracement from the latest impulsive move.
• 2720 - 2697: Fibonacci 61.8% retracement level and equilibrium zone.
• Resistance Levels:
• 2905 - 2921: Fibonacci 50%-61.8% retracement of the last leg down.
• 2960 - 2980: Premium supply zone (previous high).

3️⃣ Smart Money & Liquidity Zones:
• Stop Hunt Area: Liquidity has been swept around 2960 where the market reversed.
• Discount Buying Zone: Institutions might accumulate orders in the 2780-2720 range.
• Premium Selling Zone: If price retests 2905 - 2921, sellers are likely to step in again.

4️⃣ Trading Recommendations:

✅ Scalping Buy:
• Entry: 2785 - 2770
• Target 1: 2850
• Target 2: 2900
• SL: 2762

❌ Scalping Sell:
• Entry: 2905 - 2921 (Fibonacci & resistance)
• Target 1: 2850
• Target 2: 2780
• SL: 2950

📌 Long-Term Investment View:
• Gold remains in an overall uptrend, and any dips towards 2720-2697 should be considered strong buying opportunities for a long-term bullish move.
• If price holds above 2800, we expect a continuation toward 3000+ levels in the next months.

Conclusion:
• Gold is currently retracing, and a buy zone is forming near 2780-2720.
• Smart money concepts suggest accumulation around equilibrium levels.
• Short-term traders can look for a rejection at 2905 for a sell, or 2785-2770 for a buy.
• Long-term investors can buy dips towards 2720 for a rally continuation toward 3000+.

📊 Risk Management Tip: Ensure a 1:3 risk-reward ratio and wait for confirmations at key levels before executing trades.