GOLD last structure completion before the drop?

Hi traders:

XAUUSD is still on my weekly watch list for a sell.

We see price action forming this last ascending structure, correcting itself up towards the higher time frame structure, and double tops.

When I see these structure within structure, it further adds confluence to my style of trading.

What I like to see the price do now is to have a strong move to the downside on lower time frame, and I will look for continuation correction to add in the sell.

Its important to know even if price continues to break up, if I see that sharp down move on the lower time frame followed by a correction, the sell is still valid in my plan.



Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.

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تعليق:

Price had an impulse move up, break above structure. However it did retrace back down. This fits of trading plan for a valid setup, If we see a correction here then I would be looking for sell entry down.