XAU/USD H4 ANALYSIS
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure is bearish. After iBOS we expect pullback which is underway
Price reached internal EQ and reacted at a POI.
Expectation is for price to target weak internal low.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure is bearish. After iBOS we expect pullback which is underway
Price reached internal EQ and reacted at a POI.
Expectation is for price to target weak internal low.
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