XAU/USD 05 Feb 2024 Intraday Analysis
Updated
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above.
Expectation remains as H4 analysis dated 04/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red has now printed a bearish iiBOS to align with internal bearish order-flow.
Expectation is for price to target weak internal low.
M15 Chart:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above.
Expectation remains as H4 analysis dated 04/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red has now printed a bearish iiBOS to align with internal bearish order-flow.
Expectation is for price to target weak internal low.
M15 Chart:
Note
H4 Chart Update: M15 Chart Update:
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