Gold Spot / U.S. Dollar
Updated

Wave structure of XAUUSD in time frame H4, M15

519
DAY is uptrend => current is impulse
4H uptrend => curent is internal is bullish
M15 is dowtrend => current is internal bullish
We let the waves continue to develop. You can only find opportunities to sell down when the price exceeds a strong i-Swing (internal swing).
Note
The price broke through the strong I-swing of the M15 time frame so the M15 correction wave ended
Note
4H is an uptrend => currently an internal bearish
15M is a downtrend => currently an internal bullish
When the strong i-swing bottom of the m15 time frame is broken through, the internal wave of M15 ends. prices continue to fall.
Note
After breaking the strong internal swing bottom, it signals the end of the internal bullish wave. Today the price continues to decrease
Note
Today's price continues to fall, breaking past the weak i-swing low and creating a new strong i-Swing high
Note
Today's price broke the weak i-Swinglow and continued the downtrend

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.