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XAU/USD 15-19 July 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remains the same as last week's analysis dated 07 July 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS. Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Price has been unable to print a bearish CHoCH and has reacted from premium 50% EQ of the internal low and fractal high. Forthcoming week's expectation is for price to continue bullish, create a new high which would bring CHoCH closer to current price action allowing for price to indicate pullback initiation closer to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. As mentioned in last week's analysis dated 07 July 2024 that since bullish swing and internal break of structure price has not, as yet, pulled back in to discount of 50% EQ. Both of which swing and internal 50% EQ are located very close-by. Please note, swing range has yet to be established. I also mentioned that this could possibly be an indication that price needed more liquidity to fuel it's drive to the downside which failed after reacting from a daily demand zone. This is precisely what occurred and price is now reacting at a daily demand zone and extreme of the 50% EQ of the internal structure , however, the current internal high is weak so price should, technically, target the weak internal high and print a bullish iBOS. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As previously mentioned, following bullish iBOS, price did not pull back significantly enough to indicate bearish pullback initiation which could indicate that price is seeking further liquidity to initiate bearish pullback. I also previously mentioned that price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action and tap into daily supply zone. This is precisely what occurred. Current position of CHOCH remains quite a distance away, therefore, in my opinion, the above remains valid. I would expect price to print a higher high, which would bring CHoCH positioning closer to current price action. Intraday expectation: price to print a higher high, which would bring CHoCH positioning closer to current price action to then initiate bearish pullback phase. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 12 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As previously mentioned, following bullish iBOS price did not pull back significantly enough to indicate bearish pullback initiation which could indicate that price is seeking further liquidity to fuel its drive down. I also previously mentioned that price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action and tap into daily supply zone. This is precisely what happened which was also assisted by yesterday's US CPI reading. Intraday expectation: Following bullish iBOS price is expected to pull back to print a bearish iBOS which would indicate, but not confirm bearish pullback initiation Price should react at discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS which was assisted by yesterdays US CPI reading. Following pullback, bearish pullback initiation began after reaction from daily supply zone where price printed a bearish CHoCH to indicate, but not confirm bearish pullback initiation. Intraday expectation: Technically price should target weak internal high as price is currently the discount zone of 50% EQ with internal structure being bullish, however, we should be mindful that H4 remains in bearish pullback phase, therefore, I would not be surprised if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 11 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 10 July 2024. -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation. This could indicate that price is seeking further liquidity to fuel its drive down. Price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met with strong high being breached and price printing bullish iBOS, aligning itself with swing structure. Following pullback, bearish pullback initiation began after reaction from M15 supply zone printing a bearish CHoCH to indicate, but not confirm bearish pullback initiation. However, price could not sustain it's bearish pullback phase and has reacted from premium of 50% EQ to target weak internal high. This would bring into question if price has enough liquidity to break and close above weak internal high. Intraday expectation: If price fails to break and close above weak internal high I would expect price to pull back to either discount of 50% EQ or M15 demand zone before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 10 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation. This could indicate that price is seeking further liquidity to fuel its drive down. Price could also create a new high, higher than the fractal high to bring CHoCH positioning closer to current price action. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation of price targeting weak internal low was met, however, price was unable to close below. Intraday expectation: Strong internal high to remain protected, price to react at M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 09 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a further bearish iBOS Technically we are currently trading within an internal high and fractal low with the bullish CHOCH positioned close to the internal high, however, as price has reached premium of 50% EQ I am happy to label the fractal low as an internal low as bullish CHoCH is positioned close the the internal high. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has been fairly erratic printing small range bullish iBOS' followed by small range IBOS'. Whilst range sizes are smaller than previous iBOS' and could be open to interpretation with reference to recent price action, I will keep the process mechanical. Price is currently trading between an internal high and fractal low. Bullish CHoCH lined is denoted with the blue dotted line, which is positioned close to M15 supply zone. Intraday expectation: Price to continue bearish, which would reposition CHoCH closer to current price action. Bearish iBOS has been printed, therefore, a pullback will be required to either premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08-12 July 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS. Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Price has been unable to print a bearish CHoCH and has reacted from premium 50% EQ of the internal low and fractal high. Forthcoming week's expectation is for price to continue bullish, create a new high which would bring CHoCH closer to current price action allowing for price to indicate pullback initiation closer to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Since bullish swing and internal break of structure price has not, as yet, pulled back in to discount of 50% EQ. Both swing and internal 50% EQ are located very close-by. An attempt was made on May 24 to break structure to the upside, however, price failed to close above. This could indicate price needed more liquidity to fuel it's drive to the downside which failed after reacting from a daily demand zone. Expectation is for price to continue bullish and react at daily demand zone before pullback initiation. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Intraday expectation: Price to continue bullish and react at daily supply zone. This should being CHoCH close to current price action to indicate bearish pullback initiation. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 04 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation and printed a further bullish iBOS where price targeted the weak internal high. Bearish CHoCH has been printed which indicates bearish pullback initiation. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount zone of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price again printed, as per yesterday's intraday expectation, targeted the weak internal high and printed a further bullish iBOS. After an iBOS we expect a pullback which seems to be currently underway. Bearish CHoCH will indicate, but not confirm bearish pullback initiation which is marked with a blue dotted line. 50% EQ, M15 demand and Bearish CHoCH are all positioned closely. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 02 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 01 July 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Price is again showing reaction to premium of 50% EQ. Intraday expectation: Price to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation targeting the weak internal high and printing an iBOS. After an iBOS we expect a pullback which price did. Price then strongly reacted at an M15 demand level. Intraday expectation: Internal structure is bullish, therefore, technically price should target weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 01 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 07 June 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Price is once again showing reaction to premium of 50% EQ. Intraday expectation: Price to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bullish iBOS' with price now aligning itself with swing structure Price previously reacted from discount zone of 50% EQ but was unable to maintain it's bullish momentum to target weak internal high. Price continued bearish, reacted at strong internal low and M15 POI. Price has reacted at premium of 50% EQ. Intraday expectation: Internal structure is bullish, therefore, technically price should target weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 01-05 July 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 23 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and 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 by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly Chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 23 June 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Price is once again showing reaction to premium of 50% EQ. Intraday expectation: Price to once again target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 28 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 27 June 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bullish iBOS' and price has now aligned itself with swing structure Price has reacted from discount zone of 50% EQ. Intraday expectation: Price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 26 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 25 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As per previous intraday expectation price did target weak internal low and printed a bearish iBOS. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 25 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 24 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 24 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 24 June 2024 Weekly AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 23 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 24-28 June 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 16 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and 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 by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 16 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 21 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price is reacting at premium of 50% EQ of the swing range, which is marked in black. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price reacted at the M15 POI and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at discount of 50% or M15 EQ before targeting weak internal high. It is important to keep in mind that H4 is in bearish pullback phase, as are all other HTF's, therefore, price could target strong internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 20 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price targeted the weak internal high and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at M15 POI or discount of 50% EQ before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 19 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as analysis dated 17 June 2024. -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 18 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 17 June 2024. -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
XAU/USD 17 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 17-21 June 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and 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 by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly Chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK