PeanutButter

XAUUSD OHLC (SELLS) MONTHLY STRUCTURE (Feb 2022)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD OHLC (SELLS)
MONTHLY STRUCTURE
(Feb 2022)


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Monthly Structure for XAUUSD In a Daily timeframe appears to be OHLC (open high low close).
Huge Bearish Divergence from 18th Nov,2021 to current market price in the Daily timeframe.
Patience, we currently waiting for a TDI cross in a daily timeframe to confirm sellers in market. Priceline must cross below bloodline to confirm the presence of sellers in market.

After the daily TDI cross plays out, switch to H4 and be on the lookout also for OHLC and a TDI cross to confirm sells before executing trades in M15.

Trade with Caution. Wait for valid entries. Target the Open of the current Daily candle (1st Feb) as immediate Long term target for sells after Tdi cross.

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