H4 Medium term bullish Short term bearish correction
After forming a high around the 46xx area XAUUSD showed a bearish CHoCH BOS indicating that short term selling pressure is still in control
Price is now approaching the 4435 4445 support zone
What matters now
If 4435 4445 holds could this become a potential BUY zone
If 4435 breaks could price continue lower toward 4330 4365
For now do not try to catch the bottom and do not chase SELLs Wait for the market to confirm its next direction
Not sure what confirmation to look for before considering a BUY around these zones Message me PLAN and I will explain how to monitor the H1 H4 structure and when it may be better to stay out of the marketThis content is for educational and market analysis purposes only and does not constitute investment advice Trading XAUUSD involves risk and every trader is responsible for their own decisions.
