XAUUSD 2025/09/29Gold / US DollarEIGHTCAP:XAUUSDUn_Traders🔎 XAUUSD (H1) — SMC/ICT Analysis (Sep 29, 2025) 1. Supply Zone (3,775–3,785) This zone caused the last impulsive move down → valid supply/order block. Price may return to mitigate this supply before rejecting lower. 2. Liquidity Liquidity sits above the supply zone (buy stops/equal highs). Market may sweep above before reversing down. 3. Demand Zone (3,750–3,755) Recent bullish order block where price previously reacted. This is the first downside target after supply rejection. If broken, deeper liquidity exists near ~3,740 and ~3,723. 4. Market Structure (H1) Current intraday structure: lower highs forming after a strong push down. Suggests short-term distribution, while the higher timeframe (D1) remains bullish. --- 📌 SMC Summary Primary scenario: Price may push back into supply (3,775–3,785) → reject → move down toward demand (3,750–3,755). If demand holds: accumulation could form and price may rally again. If demand fails: market likely hunts deeper liquidity (~3,740 or 3,723). --- ⚠️ Note: This is a structural SMC/ICT analysis only, not a trading signal or advice.