Gold Spot / U.S. Dollar
Updated

Wave structure of XAUUSD in 15 minute time frame

247
4H is swing bullish
M15 is bearish => current is pullback up
i-M15 is bullish

We can buy according to the internal wave when the price penetrates the IDM and in the 1 minute time frame there is an increasing CHOCH signal.
Note
Price dropped and broke through IDM
Note
The price reacted strongly in the first OB block when in the one minute time frame there was a CHOCH signa

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.