XAUUSD SMC Analysis: Bullish Recovery Path Toward Key ResistanceGoldOANDA:XAUUSDNick_TitanInsightThe XAUUSD H1 chart presents a clear structural evolution using Smart Money Concepts (SMC). Following a strong bearish leg that executed a Market Structure Shift (MSS) and a Break of Structure (BOS), price action successfully swept sell-side liquidity near the 4,014.229 – 4,020.000 support base. 1. Market Structure & Liquidity Sweep The recent decline cleared lower boundary liquidity, leaving behind a well-defined Fair Value Gap (FVG) and internal sell imbalance. However, price failed to establish acceptance below 4,014, indicating an accumulation phase by institutional participants. The subsequent price action formed higher lows, signaling an early transition toward a bullish retracement. 2. Current Price Action & Setup Projection Price is currently hovering around 4,043.130, building momentum out of the local demand block. According to the projected SMC pathway (blue path): Internal Pullback: A short-term pullback toward the 4,030.000 – 4,035.000 zone is anticipated to retest local demand and absorb remaining sell orders. Bullish Continuation: Once liquidity is secured at this lower bound, price is expected to initiate an impulse move upward. 3. Key Targets & Resistance Zones Primary Target: The unmitigated bearish FVG zone between 4,050.000 and 4,060.000 serves as the immediate upside objective. Secondary Objective: A sustained breakout above 4,060 will target higher structural resistance at the former MSS level near 4,070.000 – 4,080.000. Trade Execution Strategy Bias: Bullish Retracement (Long) Entry Zone: 4,030.000 – 4,035.000 (after confirmed lower timeframe rejection) Take Profit: 4,055.000 – 4,060.000 (Bearish FVG Mitigation Zone) Stop Loss: Below 4,020.000 (Invalidation of local demand)