Скачать или смотреть XAUUSD 23/12/2025 GOLD ATH, BULLISH without re-tracement, 48XX???

#forex #forextrading #wyckofftheory #xauusd #smartmoneyconcepts


Market structure remains clearly bullish, with price holding a strong sequence of higher highs and higher lows. The overall context shows price trading in a markup phase following a completed accumulation cycle. EMA 34 continues to slope upward and acts as dynamic support.

From a Wyckoff perspective, the market has already completed Phase A through Phase C and is now transitioning from Phase D into Phase E, where continuation moves are expected. Current pullbacks are corrective in nature and should be viewed as re-accumulation, not distribution.

From an SMC perspective, a strong bullish BOS with clear displacement confirms real buying interest. Sell-side liquidity has largely been cleared, while buy-side liquidity remains resting above recent highs, making higher prices the natural target.

Price is currently consolidating and may retrace into the FVGs aligned with EMA 34 and previous structure around the 4,465–4,460 zone. This area represents a high-probability POI for long entries, rather than chasing price at the highs.