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XAU/USD 03 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously mentioned, price action remains erratic, driven by ongoing macroeconomic data and heightened geopolitical tensions. Since last analysis, price has printed a double bearish iBOS, aligning with the H4 bearish pullback phase as expected. An internal range has been established, with the price reacting from the extreme high of this range. Intraday Expectation: The price is expected to target a weak internal low. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold's Weakness Until 2531.65 Is Taken!! Good evening, I was saying it all through the New York session that the Gold price still has to break that 2531.65 level if price is to get another imminent retest of the highs set recently in the Gold price. You can see the Topping-formations in the charts & even a bearish Head N Shoulders might be still in play. But it does not end with Gold. Due to Silvers break-above its resistance but it's slow pace in climbing the charts, it has now got heads-winds with several bearish Head 'n' Shoulders Patterns. I really want to see Gold climb today because I see some serious selling coming in the Gold price if a massive M-TOP breaches at the neckline just under 2500, if this occurs the Gold price could very quickly sell-off to near 2400. This is of-course what the market-makers want to do is take our stops out. Right below is the possible Sell-setup for XAUUSD....if you're game.. (click the below Charting-link & then scroll to the very bottom of screen to see the scary MTOP) www.tradingview.com Cheers, Chris
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
XAU/USD 20 May 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 19 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this. We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper. I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did. Previous intraday expectation was for price to react at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels. Price has reacted deep in to Daily and H4 supply levels but unable to close above. The wicking up and closing below could potentially mean a liquidity grab so price can initiate pullback as CHoCH has now been repositioned even closer (than previous) to current price action. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. After iBOS price is expected to pull back. First indication, but not confirmation of pullback initiation is for price to print a bearish CHoCH. Price has printed a bearish CHoCH which is denoted with a blue dotted line. Intraday Expectation: Price to react at M15 demand zone to initiate pullback. Price to pull back to either discount of 50% EQ or M15 demand zone before targeting weak internal high. *CORRECTION* - Typo error as mentioned on 17 May 2024 Trade idea would only be invalidated if price breaks and closes BELOW internal low which was the blue dashed line. Trade idea would have been invalidated as order flow is bullish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK