XAU/USD 26 April 2024 Intraday Analysis
Updated
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligned with swing structure.
Following the bullish iBOS we expect price to pullback.
Intraday expectation would be for price pullback to either 50% EQ before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Following bullish iBOS price is expected to pullback.
Indication of pullback initiation would be a bearish CHoCH which is denoted with blue dotted line.
Intraday expectation: Price to indicate pullback initiation by printing bearish CHoCH. Price to pullback to M15 POI before targeting weak internal high.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligned with swing structure.
Following the bullish iBOS we expect price to pullback.
Intraday expectation would be for price pullback to either 50% EQ before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Following bullish iBOS price is expected to pullback.
Indication of pullback initiation would be a bearish CHoCH which is denoted with blue dotted line.
Intraday expectation: Price to indicate pullback initiation by printing bearish CHoCH. Price to pullback to M15 POI before targeting weak internal high.
M15 Chart:
Note
Repositioning of bullish CHoCH as price continued to trade higher:
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