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XAU/USD 19 April 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since yesterday's analysis dated 18 April 2024. -> Swing: Bullish. -> Internal: Bullish. Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low. Price reacted at H4 supply and subsequently reacted at H4 demand. Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH. The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. -> Sub-internal: Bullish. Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure. Price then tapped into a M15 demand area where we saw a reaction. Current intraday expectation would be for price to react at 50% EQ or M15 POI before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 17 April 2024 Intraday AnalysisH4 Analysis: Intraday analysis/bias remains unchanged and the same a yesterday's analysis dated 16 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low. Price has also reacted to H4 demand where we are currently seeing a reaction. Current intraday expectation is for price to react at H4 supply level to target weak internal high. Alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's target was hit with price printing another bullish iBOS and subsequently a bearish CHoCH which indicates bearish pullback is underway. Current intraday expectation would be for price to react at 50% EQ or M15 POI before targeting weak internal high. Alternative potential scenario would be for price to target, and close below strong internal low as all HTF's require a pullback. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
XAU/USD 15 April 2024 Intraday AnalysisH4 analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 14 April 2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run and continues to print all time highs. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Price has now printed a bearish CHoCH. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms M15 internal structure has switched bearish as all HTF's require a pullback. Current intraday expectation would be for price react at 50% EQ or H4, M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15-19 April 2024 Weekly AnalysisWeekly Analysis: Price has been printing further all time highs. Below analysis remains the same as last week's weekly analysis dated 07 April 2024 -> 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. Weekly Chart: Daily Analysis: Price has continued to print all time highs. CHoCH has been repositioned closer to most recent price action. Remainder of analysis/bias remains unchanged since last daily analysis dated 07 April 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established. 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. As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run and continues to print all time highs. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Price has now printed a bearish CHoCH. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 12 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run and continues to print all time highs. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues its exponential bullish run with no clear signs of slowing down. Price has printed a double bullish iBOS, the latter being a smaller range which has brought the internal low significantly closer allowing a more realistic probability of price confirming a pullback as opposed to previous internal lows which had a significantly larger range. Current intraday expectation would be for price to continue to print highs, alternatively, price could potentially print bearish CHoCH, react at either 50% or M15 POI to target internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 10 April 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 09 April 2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action. Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS. Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range. Current intraday expectation would be for price to target weak internal low of the sub-structure. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs. Price is once again trading within internal low and fractal high. First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which is positioned at the same level as the internal low. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 02 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs where we continue to trade within a fractal high and internal low. New high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS printing all time highs. Price is now contained within internal structure after confirmation of bearish ChoCH. As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops. First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed. Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario is price to continue bullish and keep printing all time highs! This now seems less probable as price has made an attempt to close to above but has failed to do so. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 29 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price is now trading within a fractal high and low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high. Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS printing all time highs with no structure to the upside. We are now trading within a fractal high and low. As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops. Intraday expectation would be for price to pull back following iBOS. Another likely scenario is price to continue bullish and keep printing all time highs! M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 28 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday (27/03/3034) -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure has now switched bullish in-line with internal and swing structure. Sub-internal structure has printed a further bullish iiBOS. Intraday expectation is for price to pull back following iiBOS to either M15 POI or 50% EQ of the sub-internal structure before target weak internal high which is denoted by blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway. H4 chart: M15 Analysis: Analysis/Bias remains the same as yesterday (26/03/3034) -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this. Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure has now switched bullish in-line with internal and swing structure. Intraday expectation is for price to target weak internal high which is denoted by blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 26 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this. Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure has now switched bullish in-line with internal and swing structure. Intraday expectation is for price to target weak internal high which is denoted by blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 25 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. Intraday expectation is for price to react H4 POI to then target fractal high. Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this. Due to the size of the internal range I have plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure is bearish. However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback. From a sub-internal intraday bias and perspective, price to react at 50% EQ or potentially strong internal high before targeting weak internal low. An alternative potential scenario would be for price to print a bullish iiBOS which would then align both both swing and internal structure for price to target weak internal high. M15 Chart:
OANDA:XAUUSDShort
by Khan_YIK
XAU/USD 22 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. Intraday expectation is for price to react H4 POI to then target fractal high. Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Yesterdays Intraday expectation was for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with a blue dotted line. Price printed this. Current intraday expectation is for price to react at either H4 or M15 POI. Price to then target weak internal high. However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 21 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed an iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. Intraday expectation would be for price to show signs of pullback initiation, which have yet to occur, or, price could react at 50% EQ before continuing bullish to create new highs. Another potential scenario would be for price to continue bullish from current price, create a new high which would bring the CHoCH closer to very most recent price action allowing Gold to pullback without the need to pullback so deep as current CHoCH location which is denoted in blue dotted line slightly above the internal low, is a significant distance away from current price. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday. Price is currently trading within a fractal high and low. Intraday expectation would be for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with blue dotted lines. Alternatively, and much like H4, price could continue bullish to create new highs in order to bring CHOCH closer to the very most recent price action. This would Gold to initiate first structural signs of pullback without the need to significantly pull back. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 20 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as yesterday's Analysis dated 19/03/2024 -> Swing: Bullish. -> Internal: Bearish. Price had printed a swing BOS and subsequently a bullish iBOS. Swing range confirmed. Price has now printed a bearish iBOS to confirm swing pullback has initiated. Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback. Yesterday's Intraday expectation was for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low. Price attempted to do this but failed which possibly indicates the need for more liquidity. Intraday expectation is for price to retrace to 50% EQ of the internal structure or H4 POI before once again targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback. Pullback following bearish iBOS is underway . Yesterday's Intraday expectation was for price to react at M15 POI, or 50% EQ (denoted in blue) before targeting weak internal low. Price did as expected. However, price was unable to break and close below weak internal low which indicates that bearish pullback following bullish iBOS on M15 TF and bearish pullback for H4 TF remains underway. Price has been moving sideways in a narrow range which could indicate that we await to see results of high impact incoming data before higher volatility moves are made. Intraday expectation remains the same as yesterday, for price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 19 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a swing BOS and subsequently a bullish iBOS. Swing range confirmed. Price has now printed a bearish iBOS to confirm swing pullback has initiated. Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback. Yesterday's Intraday expectation was for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low. Price attempted to do this but failed which possibly indicates the need for more liquidity. Intraday expectation is for price to retrace to 50% EQ of the internal structure or H4 POI before once again targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback. Pullback following bearish iBOS is underway . Yesterday's Intraday expectation was for price to react at M15 POI, or 50% EQ (denoted in blue) before targeting weak internal low. Price did as expected. However, price was unable to break and close below weak internal low which indicates that bearish pullback following bullish iBOS on M15 TF and bearish pullback for H4 TF remains underway. Intraday expectation is for price to react at 50% EQ of the internal structure (denoted in blue) and once again target weak internal low. Price could potentially go deeper into premium EQ of the internal structure, react at H4 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a swing BOS and subsequently a bullish iBOS. Swing range confirmed. Price has now printed a bearish iBOS to confirm swing pullback has initiated and is underway. Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback. Intraday expectation is for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback. Pullback following bearish is underway . Intraday expectation is for price to react at M15 POI, or 50% EQ before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 18-22 March 2024 Weekly AnalysisWeekly Analysis: Bias remains unchanged from last week's analysis dated 10/03/2024 -> 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 Chart: Daily Analysis: Bias remains unchanged from last week's analysis dated 10/03/2024. -> Swing: Bullish. -> Internal: Bullish. -. Sub-Internal: Bullish. -> Has reached EQ. Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Sub-internal structure is denoted in red. Most likely scenario is for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line. Price could potentially continue to trade bullish to seek further liquidity before pullback. Daily Chart: H4 Analysis: Analysis/bias remains unchanged from last Friday's analysis dated 15/03/2024. -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed. Bearish iBOS will provide confirmation that pullback is underway. Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15 March 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains unchanged from yesterday's 14/03/2024) analysis -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed. Bearish iBOS will provide confirmation that pullback is underway. Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback. Price did try to target weak internal low, as per my comments made yesterda however, we saw price react at an M15 POI. Intraday expectation is for price to react again at 50% EQ, which price is currently doing, or react in premium of 50% EQ, before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 14 March 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed. Bearish iBOS will provide confirmation that pullback is underway. Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway. H4 Chart: M15 Analysis: Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms my comments yesterday (12/03/2024) that it would be useful to remember that all HTF's are requiring a pullback. Intraday expectation is for price to continue bullish, react at M15 POI or 50% EQ before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 13 March 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed. Bearish iBOS will provide confirmation that pullback is underway. Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms my comments yesterday (12/03/2024) that it would be useful to remember that all HTF's are requiring a pullback. Intraday expectation is for price to continue bullish, react at M15 POI or 50% EQ before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 12 March 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterdays post dated 11/03/2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS and subsequently a bullish iBOS. We are now trading within a fractal high and internal low. Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high. Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. Price has printed a bullish swing BOS and subsequently a bullish iBOS. Due to the size of the internal range I have plotted sub-internal structure which is denoted in red. 50% EQ of the internal range is also denoted in red. Price has printed a bearish CHoCH and bearish iCHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish, react at M15 POI before targeting weak internal high. However, it would be useful to remember that all HTF's are requiring a pullback. M15 Chart:
OANDA:XAUUSD
by Khan_YIK