XAu/USD 23 Jan 2024 Intraday Analysis
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is now bullish.
Price could potentially continue bullish, react at H4 supply level to continue bearish.
As per yesterday's analysis, price anticipated to target weak internal low.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is now bullish.
Price could potentially continue bullish, react at H4 supply level to continue bearish.
As per yesterday's analysis, price anticipated to target weak internal low.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.