XAU/USD 04-8 March 2024 Weekly Analysis
Weekly Chart:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Analysis:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
After having mapped sub-internal structure, denoted in red, price has now printed a bullish iiBOS
Most likely scenario is for price to pull back. First indication, but not confirmation, would be a bearish iCHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pull back.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Analysis:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
After having mapped sub-internal structure, denoted in red, price has now printed a bullish iiBOS
Most likely scenario is for price to pull back. First indication, but not confirmation, would be a bearish iCHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pull back.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
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