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XAU/USD 10 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside As mentioned in yesterday's analysis dated 09 June 2024, price may continue bearish which would bring bullish CHoCH closer to current price action. Price has now printed this, allowing for a more realistic indication for bullish pullback initiation. 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 has now printed bullish CHoCH positioning closer to current price action, therefore, price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a double bearish iBOS. We are now trading within an internal high and fractal low. Intraday expectation: Price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before trageting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 10-14 June 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 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: -> 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 printed a bearish iBOS. The volatility and selloff on Friday 07 June 2024 was due to China announcing they have halted reserves buying. We are now expecting price to pullback. Currently the CHoCH and internal high are positioned at the same level. Price may continue bearish which would bring CHoCH closer to current price action. Intraday expectation: Price to pullback to premium of 50% or H4 POI before targeting weak internal low. Alternative scenario would be for price to continue bearish to reposition CHoCH closer to current price action. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 07 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish which is the strongest confirmation yet that swing pullback is complete. We are now expecting price to pullback. As price has traded higher the CHoCH has been repositioned closer to current price action. We are now trading within an established internal range. Intraday expectation: Price has printed bearish CHoCH, which is denoted with a blue dotted line. This has indicated, but not confirmed bearish pullback initiation. Price to react at discount of 50% EQ (which is marked in blue) or H4 POI before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish iBOS followed by a bearish iBOS. I am presuming the volatility has been caused by ECB's Schnabel speaking. Intraday expectation: Price to continue bearish, react at nested H4 and M15 POI's before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 06 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish which is the strongest confirmation yet that swing pullback is complete. Price is now trading within an internal low and fractal high. We are now expecting price to pullback. Intraday expectation: Price to print bearish CHoCH, which is denoted with a blue dotted line. This will indicate, but not confirm bearish pullback initiation. Price to react at discount of 50% EQ or H4 POI before targeting weak internal high, which is presently the fractal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation. Due to the volatility caused by high impact news price has been printing very close bullish and bearish iBOS' which have been mechanically mapped. Intraday expectation: Price to continue bearish, react at discount of 50% EQ or nested H4 and M15 POI's before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS. Price has also printed a bullish CHoCH which indicates, but not confirms bullish pullback following bearish iBOS. Price is now trading within an internal range. Price reacted from premium of 50% EQ, however, price was unable to close below. Intraday expectation: Price has once again reacted from internal 50% EQ and should target the weak internal low, which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation. Intraday expectation: Price has reacted from discount of 50% EQ, therefore, technically price should target weak internal high. An alternative scenario would be for price to continue bearish, react at M15 POI before targeting weak internal high. M15 Analysis:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 04 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bullish CHoCH which indicates, but not confirms pullback following bearish iBOS. Price is now trading within an internal range. Bullish pullback was assisted by reaction from H4 and Daily nested demand zones. Yesterday intraday expectation was for price to pullback and print bullish CHoCH which was denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. Price did exactly as expected. Intraday expectation: Price to target fractal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a double bullish iBOS before printing a bearish iBOS. Intraday expectation: Price to pullback to either premium of 50% EQ or M15 supply zones before targeting weak internal low which is denoted with a blue dashed line. An alternative scenario would be for price to continue bearish, react at M15 POI before pullback initiation . This would bring the CHoCH closer to current price allowing a more realistic indication of pullback initiation. The CHoCH is currently positioned at the same level as the M15 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms swing pullback initiation. After iBOS price is expected to pull back. First indication, but not confirmation of internal pullback initiation will be a bullish CHoCH which is denoted with a blue dotted line. Price is currently trading within an internal high and fractal low. We have a nested Daily and H4 demand zone where price is reacting from. Intraday expectation: Price to pullback and print bullish CHoCH which is denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' After iBOS price is expected to pullback, which is currently underway. Price is now contained within an internal range and approaching an M15 supply zone and strong internal high. Intraday expectation: Price to react at M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03-07 June 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal 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. Should this week's candle print the same as last week, price would have printed a bearish CHoCH which indicates, but not confirms, weekly pullback initiation. Expectation is for price to pullback following swing and internal pullback and print a bearish CHoCH. 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. As previously mentioned, most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed. Price has now printed a bearish CHoCH which is an indication, but not confirmation of pullback initiation. As mentioned on 24 May 2024, price had wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. This happened to be the case. As mentioned on 26 May 2024, price could react to a Daily demand zone, which price is currently reacting to. However, the demand zone is not positioned well as it is in the premium of 50% EQ. Price could potentially target the weak internal high which is denoted with a blue dashed line. An alternative scenario is for price to continue bearish, react at discount zone of 50% EQ before targeting weak internal high. Daily Chart: H4 Analysis: Analysis/Bias remains unchanged from last week's analysis dated 31 May 2024. Additional comment is that price has done almost exactly as scenario two of my analysis of last week. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. As previously mentioned, I have started to map internal structure to gain a better understanding of price action. I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range. Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line. Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 31 May 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains unchanged from yesterday's analysis dated 30 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. As previously mentioned, I have started to map internal structure to gain a better understanding of price action. I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range. Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line. Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed another bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback is underway. Price is now contained within an internal range. After reacting at discount of 50% EQ price has been unable to target weak internal high. This could indicate that price is seeking further liquidity. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also denoted with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 30 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. As previously mentioned, I have started to map internal structure to gain a better understanding of price action. I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range. Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line. Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bearish iBOS' followed by a bullish iBOS. This could provide a very early signal that H4 pullback is now complete. Intraday expectation: Price to react at discount of 50% EQ or M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also denoted with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 20 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price is failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue solid line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Price has fully mitigated a well-positioned M15 POI. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also marked with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
3
XAU/USD 28 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS aligning itself with swing structure. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 May 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as analysis dated 24 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' (Internal breaks of structure). After every iBOS price is expected to pull back. Price is now contained within an internal range. Intraday expectation: Price is currently trading at premium of EQ and reacting at an M15 POI. Price had previously reacted at the M15 POI but the move to target internal low was not sustained. Expectation is for strong internal high to hold, price to react at M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27-31 May 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal 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 the CHoCH was at the same level as the internal low. Price continued bullish before pulling back which has moved the CHoCH closer to most recent price action. This allows price to not pull back so deeply to print the very first indication, but not confirmation, of pullback initiation. Expectation is for price to pullback following swing and internal pullback and print a CHoCH. As mentioned 19 May 2024 that it is also reasonable to expect price to continue bullish, bringing ChOCH closer to the current price action to initiate pullback. price has done exactly that. 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. As previously mentioned, most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed. Price has now printed a bearish CHoCH which is an indication, but not confirmation of pullback initiation. As mentioned on 24 May 2024, price had wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. This happened to be the case. Expectation is for price to continue bearish, react at discount of 50% EQ before targeting weak internal high. However, we do have a daily demand zone close-by so price could potentially react from that POI. Daily Chart: H4 Analysis: Analysis/Bias remains the same as analysis dated 24 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 24 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' (Internal breaks of structure). After every iBOS price is expected to pull back. Once price has printed bearish CHoCH we can establish internal high. Intraday expectation: Internal range has yet to be established, however, internal structure is bearish. Once internal range has been establish price to eventually target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 23 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where would expect to see a reaction. Intraday expectation: Price to continue bearish and react at H4 POI's to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS (Internal break of structure). After iBOS price is expected to pull back. Intraday expectation dated 21 May 2024 was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which were positioned closely before targeting weak internal low which was denoted with a blue dashed line. Price printed as expected and printed a bearish iBOS. Price has continued bearish and we are now trading within an internal high and fractal low. Intraday expectation: We are expecting price to pullback. First indication, but not confirmation of pullback initiation is a bullish CHoCH which is denoted with a blue dotted line. Price to continue bullish, react at premium of 50% before targeting weak internal low which is currently a fractal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
XAU/USD 22 May 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 21 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did. However, price has continued bullish creating all-time-highs. Price is showing very early signs of pullback, however, as yet we have no indication or confirmation. First indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Intraday expectation: Scenario one: Price to continue bullish, create new high which would bring CHoCH closer to recent price action. Scenario two: As mentioned above, price is showing very early signs of pullback, however, as yet, we have no indication or confirmation, therefore, price to continue bearish, print bearish CHoCH to indicate pullback initiation. Price to then react at either discount of 50% EQ or H4 demand levels before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS (Internal break of structure). After iBOS price is expected to pull back. First indication, but not confirmation of pullback initiation is for price to print a bullish CHoCH. Price has printed a bullish CHoCH which is denoted with a blue dotted line. Yesterday's intraday expectation was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which are positioned closely before targeting weak internal low which was, and still remains denoted with a blue dashed line. Price printed as expected but did not manage to breach and close below weak internal low. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 21 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did. However, price has continued bullish creating all-time-highs. Price is showing very early signs of pullback, however, as yet we have no indication or confirmation. First indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue doted line. Intraday expectation: Scenario one: Price to continue bullish, create new high which would bring CHoCH closer to recent price action. Scenario two: As mentioned above, price is showing very early signs of pullback, however, as yet, we have no indication or confirmation, therefore, price to continue bearish, print bearish CHoCH to indicate pullback initiation. Price to then react at either discount of 50% EQ or H4 demand levels before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS (Internal break of structure). After iBOS price is expected to pull back. First indication, but not confirmation of pullback initiation is for price to print a bullish CHoCH. Price has printed a bullish CHoCH which is denoted with a blue dotted line. Intraday Expectation: Price to continue bullish. React at either premium of 50% EQ or M15 POI both of which are positioned closely before targeting weak internal low which is denoted with a blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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
XAU/USD 20-24 May 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal 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 vertical blue dashed line as internal low as CHoCH are priced at the same level. Price is now trading within a fractal high and internal low. Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level. It is also reasonable to expect price to continue bullish, bringing ChOCH closer to the current price action to initiate pullback. 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. As previously mentioned most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed. Price is currently reacting at a daily POI. Previous expectation was for price to continue bearish, react at either discount of 50% EQ or Daily POI's before targeting weak internal high. Price has not shown any indication of pullback initiation and continues bullish. Price has wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. Alternative scenario: Price to continue bullish, print iBOS (Internal Break of Structure) to then initiate pullback after iBOS. Daily Chart: H4 Analysis: -> 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:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 17 May 2024 Intraday AnalysisH4 Analysis: -> 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. Intraday expectation: Price is reacting at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a 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 this which is denoted with a blue dotted line. Yesterday's (16 May 2024) Intraday expectation was for price to pullback to discount of 50% EQ or M15 supply level, possibly as deep as H4 supply level before targeting weak internal high which is denoted with a blue dashed line. Price did not pullback into either zone and reacted close to 50% EQ reacting at premium EQ. Intraday Expectation: Price to continue bearish, react at either M15 demand zone, discount zone of 50% EQ before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic for price to pull back as deep as the H4 demand zone before targeting weak internal high. Trade idea would only be invalidated if price breaks and closes above weak internal high, which is the blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 16 May 2024 Intraday AnalysisH4 Analysis: -> 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. Yesterday's intraday expectation was for price to continue bullish and react at nested Daily and H4 supply levels which price did. Current intraday expectation: Price has reacted at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a 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 this which is denoted with a blue dotted line. Intraday expectation: Price to pullback to discount of 50% EQ or M15 supply level, possibly as deep as H4 supply level before targeting weak internal high which is denoted with a blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15 May 2024 Intraday AnalysisH4 Analysis: -> 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. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price did not pullback back into either discount of 50% EQ or H4 Demand level before continuing pro-swing which could potentially mean that price may need to pull back deeper to gain liquidity for a sustained bullish move. Intraday expectation: Price to continue bullish and react at nested Daily and H4 supply levels. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a printed a bullish BOS and iBOS After BOS we expect price to pullback. Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened. Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction. Intraday expectation dated 14 May 2024 was for price to target weak internal which is denoted with a blue dashed line. This is currently underway. Current Intraday expectation: Price to target weak internal high (denoted with blue dashed line) It is expected that price breaks and closes above blue dashed line which will mean an internal break of structure that will eventually lead to price pulling back from nested Daily and H4 supply levels. M15 Chart:
OANDA:XAUUSD
by Khan_YIK