XAU/USD 22 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.
Due to the size of internal structure I have plotted sub-structure to internal structure which is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is bearish.
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.
Due to the size of internal structure I have plotted sub-structure to internal structure which is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is bearish.
Price anticipated to target weak internal low.
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