XAU/USD 24 April 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
Intraday expectation: We are seeing a reaction to H4 flip zone where price could target weak internal low, however, price is trading in between H4 supply and demand. Price could potentially continue bullish to 50% EQ before targeting weak internal low.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS
We are currently trading within an internal range with price printing a bullish CHoCH which indicates, but not confirms bullish pullback initiation.
Price has reacted from H4 supply POI which was well positioned in premium EQ.
Intraday expectation: price to target weak internal low, however, price could potentially from any H4 or M15 POI.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
Intraday expectation: We are seeing a reaction to H4 flip zone where price could target weak internal low, however, price is trading in between H4 supply and demand. Price could potentially continue bullish to 50% EQ before targeting weak internal low.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS
We are currently trading within an internal range with price printing a bullish CHoCH which indicates, but not confirms bullish pullback initiation.
Price has reacted from H4 supply POI which was well positioned in premium EQ.
Intraday expectation: price to target weak internal low, however, price could potentially from any H4 or M15 POI.
M15 Chart:
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