Wave structure of XAUUSD in time frame H4, M15

Dec 28, 2023

DAY is uptrend => current is impulse
4H uptrend => curent is internal is bullish
M15 is dowtrend => current is internal bullish
We let the waves continue to develop. You can only find opportunities to sell down when the price exceeds a strong i-Swing (internal swing).

Dec 28, 2023

Note

The price broke through the strong I-swing of the M15 time frame so the M15 correction wave ended

Dec 30, 2023

Note

4H is an uptrend => currently an internal bearish
15M is a downtrend => currently an internal bullish
When the strong i-swing bottom of the m15 time frame is broken through, the internal wave of M15 ends. prices continue to fall.

Jan 3

Note

After breaking the strong internal swing bottom, it signals the end of the internal bullish wave. Today the price continues to decrease

Jan 8

Note

Today's price continues to fall, breaking past the weak i-swing low and creating a new strong i-Swing high

Jan 18

Note

Today's price broke the weak i-Swinglow and continued the downtrend