XAUUSD - Trading Plan 4-Hour Analysis and ProjectionThis 4-hour candlestick chart of Gold against the US Dollar highlights key Wyckoff market phases and technical levels that frame the current market structure. The analysis identifies significant points including the Buying Climax (BC), Upthrust (UT), Second Test (ST), and Automatic Reaction (AR), which mark essential phases of accumulation and distribution.
Multiple Dow swing counts (Dow-1, Dow-2, Dow-3) are annotated with various colors, illustrating the market’s internal structure and momentum shifts. The chart shows a failed upthrust after distribution, signaling a likely bearish pressure following the attempt to push prices higher.
The current price action indicates a potential retracement to the support zone near the Automatic Reaction level, followed by possible continuation up to recent highs. The plan suggests watching for a minor pullback around area A, after which a bullish move is expected to resume, targeting higher resistance levels as indicated by the projected price movement arrows.
This trading plan emphasizes careful observation of price reactions around key support and resistance levels derived from Wyckoff methodology phases, aiming to capture potential bullish continuation or prepare for bearish scenarios if support fails.
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Dow Theory & Wyckoff
