SMART MONEY CONCEPT (SMC)GoldCAPITALCOM:GOLDFonseca87📊 XAU/USD – Bullish Scenario Explained Gold remains in a bullish bias with clear signals: 1️⃣ Change of Character (ChoCh) + Breaks of Structure (BOS): The market confirmed bullish strength by breaking previous structures. 2️⃣ Fake out and rejection at OB-1H: The current pullback looks like a liquidity sweep (fake out) to trap sellers before bouncing from the 1H Order Block, aligned with the support zone. 3️⃣ Expected direction: As long as the OB-1H and demand zone hold, price is likely to continue pushing higher. 4️⃣ Target: The next key level is 3,400, where the last Higher Highs (HH) are located and unmitigated sell orders may be absorbed. 💡 Educational tip: Fake outs are not failures – they are liquidity traps that provide the fuel for the main trend to continue. GOOD LUCK TRADERS ;) 🎯 Bias: Bullish toward 3,400.