Wave structure of XAUUSD analyzed using SMC
After falling, the price broke through IDM but could not break through the bottom of Swing Strong and reacted to increase again
The price increased and broke through IDM selling so we can sell down when in the M1 time frame there is a CHOCH signal.
The price increased and broke through IDM selling so we can sell down when in the M1 time frame there is a CHOCH signal.
Comment:
The price dropped sharply after piercing the CHOCH position of the internal bullish wave
Comment:
After the price declined and broke through the CHoCH position, signaling a bearish reversal. Today, the price decreased and penetrated the Strong Swing Low to confirm the downtrend on the 15-minute timeframe
