Gold Spot / U.S. Dollar
Updated

XAUUSD market structure at 4-hour timeframe

339
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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