Gold Spot / U.S. Dollar

XAUUSD market structure at 4-hour timeframe

Updated

4H is swing bearish => curent is pullback up
We can sell down when the price rises to OB

Note

The price increased and broke through IDM

Note

The price drops when it tap on OB

Note

The market structure of XAUUSD remains unchanged. The price wave follows the downtrend of the 4-hour time frame

Note

In the 15-minute time frame, there is a downtrend, the price can only increase again when there is a CHOCH reversal signal in the 15-minute time frame.

Note

The price increased and broke the strong swing peak, so in the 4-hour time frame it changed to an uptrend

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