Wave structure of XAUUSD at 4-hour and 15-minute timeframes
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4H is swing bullish
M15 is swing bullish => currently is pullback dow
The current price has penetrated IDM
We can look for buying opportunities in the OB zone when in the 1 or 5 minute time frame there is an increasing CHOCH signal.
M15 is swing bullish => currently is pullback dow
The current price has penetrated IDM
We can look for buying opportunities in the OB zone when in the 1 or 5 minute time frame there is an increasing CHOCH signal.
Nota
Price reacted in the 2nd OB zone and continued to increase, breaking the previous top
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Penafian
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