XAUUSD H4GoldOANDA:XAUUSDWinlouh The image provided is a chart of XAUUSD (Gold vs. US Dollar) on the H4 (4-Hour) timeframe, with markings that strongly suggest a Wyckoff Accumulation Schematic. The question specifically asks for an analysis of the "Wyckoff Spring." Here is a detailed analysis based on the visual evidence in the chart and the principles of the Wyckoff Method: 📈 XAUUSD H4 Analysis: Wyckoff Accumulation Schematic The chart appears to depict a Trading Range (TR) following a prior markdown/downtrend, characteristic of a Wyckoff Accumulation Phase. Key Events and Phases (as interpreted from the image): Phase A (Stopping Action): Selling Climax (SC): This is the large, initial downward spike that halts the downtrend. Automatic Rally (AR): The price sharply rebounds from the SC low, marking the top of the initial range. Secondary Test (ST): The price moves back down to test the SC low, but fails to break it significantly. Phase B (Cause Building): The price moves sideways, forming the main body of the Trading Range (TR) between the SC low and the AR high. This phase is where the "Composite Man" (large institutions) quietly accumulates positions. Phase C (The Test): The crucial event in this phase is the Spring. 🔍 Analysis of the "Wyckoff Spring" The area labeled "Spring" on your chart is a classic manifestation of the Wyckoff principle: Definition: A Spring is a price movement below the established support of the Trading Range (TR) that quickly reverses to close back inside the TR. It is a "test" of the remaining supply (sellers) and often looks like a "shakeout" or "false breakdown." Interpretation in the Chart: The price has broken below the lows established by the SC and ST (the support of the TR). This move likely triggered the stop-losses of retail traders who were long (buying) or selling at the break of support, allowing the Composite Man to buy up the supply at a lower price. The quick reversal and close back inside the TR indicate that the supply below the support level has been effectively absorbed by strong institutional demand. Volume Clues (Crucial for Confirmation): A successful Spring is typically accompanied by high volume on the downward break, indicating selling, but then low volume on the subsequent Test of the Spring (the small pullback immediately after the spring), confirming that the selling has been exhausted. While volume is not visible in the crop, this is the textbook confirmation. Phase D (Sign of Strength - SOS): Following the successful Spring, the price has rallied significantly. This is labeled as the Sign of Strength (SOS), where the price breaks above the midpoint and potentially the top of the TR (the AR level). This movement confirms that demand has taken control and the accumulation is likely complete. Phase E (The Mark Up): After the SOS, the price should break decisively out of the TR and begin a sustained Mark Up (uptrend). 🎯 Trading Conclusion & Next Steps Based on the Wyckoff Accumulation Schematic: Bias: The current bias is Bullish (Buy), as the price is in the final stages of accumulation (Phase D) and preparing for a potential Mark Up (Phase E). Key Resistance/Target: The immediate target would be the high of the Trading Range (the AR level) and then a clear breakout above it to confirm Phase E. Support/Invalidation: The low of the Spring (the absolute low of the range) serves as the critical stop-loss or invalidation point. If the price breaks below the Spring low with high volume, the accumulation schematic is likely invalidated, and a further markdown is