Market structure of xauusd at 4 hour time frame
4H swing is bullish => current it is pullback
The current 15-minute timeframe shows a bearish CHOCH signal
The current price is in the Demand zone, we can look for buying opportunities in the 1 minute time frame, giving a bullish CHOCH signal.
The current 15-minute timeframe shows a bearish CHOCH signal
The current price is in the Demand zone, we can look for buying opportunities in the 1 minute time frame, giving a bullish CHOCH signal.
Comment:
this demand zone cannot hold the price
