Session trade, XAUUSD, Short setup in H4👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 timeframe ICT Short setup in
XAUUSD for session trade (a couple of hours)
Basically it is in ranging market in D1 chart.
So our idea, today will touch the middle zone of the Daily Range.
Range: $2658 to $2665
Here is a swing trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Supply Zone,open for take profit.
Next Short entry after retracement in any session.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
H4gold
XAUUSD, H4, Long setup, session trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 timeframe ICT Long setup in
XAUUSD for session trade (a couple of Hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
Next Long entry after retracement in any session.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
XAU/USD 14 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Previous intraday analysis where I mentioned that price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725 was how price printed.
Price has printed a further bearish iBOS.
We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone.
Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 05 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in yesterday's intraday analysis dated 04 November 2024, I mentioned that price was expected to continue targeting the weak internal low.
Price followed this expectation, reaching the weak internal low and printing a bearish iBOS.
Subsequently, price has printed a bullish CHoCH, indicating the initiation of a bullish pullback phase. Internal structure has also been confirmed.
Intraday Expectation: Price is expected to react at either premium of the 50% EQ or the M15 supply level before targeting weak internal low.
M15 Chart:
XAU/USD 25 October 2024 Intraday AnalysisH4 Analysis:
Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase.
Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 24 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase.
Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also respond to nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 22 Ocotober 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024.
Price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was met, with price targeting weak internal high.
However, internal structure bullish momentum was not sustained, as price printed an iBOS. This was expected, given that all higher timeframes (HTFs) are in need of a pullback.
Price has reacted from M15 supply level.
Intraday Expectation: Price is expected to target weak internal low.
M15 Chart:
XAU/USD 15 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Bias remains the same as analysis dated 13 October 2024.
As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved.
Price is currently positioned in the premium above the 50% equilibrium (EQ).
Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As mentioned in yesterday's intraday expectation that due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surprised if price printed a bearish iBOS.
This is how price printed, printing a bearish iBOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation with price currently reacting to a well positioned M15 supply zone.
Intraday Expectation: Price is expected to target weak internal low.
M15 Chart:
XAU/USD 11 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 10 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024.
Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 09 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 08 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 October 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low.
Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase.
Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone.
Intraday Expectation: Price is expected to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's analysis (07 October 2024) mentioned the alternative scenario, where I noted that given the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum would likely be short-lived, and price could potentially print a bearish iBOS.
Price has now printed a bearish iBOS, which was expected as the H4 timeframe remains in a bearish pullback phase.
Intraday Expectation: After the iBOS, we anticipate a pullback. CHoCH positioning is marked by a blue dotted line. Price could potentially print a new low, bringing CHoCH positioning closer to the current price. This has occurred whilst I was preparing analysis. CHoCH is now closer to current price action.
M15 Chart:
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 October 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low.
Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase.
Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone.
Intraday Expectation: Price is expected to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following a bullish iBOS, price has been highly volatile but remains contained within the internal range.
Price has wicked both above and below the internal range without any candle closures.
Intraday Expectation: Technically, price is expected to target the weak internal high. Price has attempted to reach the weak internal high but has failed to close above.
Alternative Scenario: Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. Price could potentially print a bearish iBOS.
M15 Chart:
XAU/USD 02 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low.
Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase.
Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ).
Intraday Expectation: The expectation is for price to target a weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
The price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS).
As previously noted, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions.
Since the last analysis, the price printed a double bullish iBOS, likely driven by the escalation of geopolitical tensions.
The price has also printed a bearish Change of Character (CHoCH), suggesting, but not confirming the initiation of a bearish pullback phase.
Currently, price is positioned at the extreme of a strong internal low, with wicks into this level but no decisive close below.
Intraday Expectation: The price is expected to target a weak internal high. However, caution is advised, as the H4 timeframe has confirmed the swing pullback phase with a bearish iBOS, which could limit further upside momentum.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term.
M15 Chart:
XAU/USD 01 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
The price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has now been confirmed by a bearish Internal Break of Structure (iBOS), which also establishes the swing range. Currently, we are trading between the swing high and the fractal low.
In yesterday's analysis, I noted that the internal range had narrowed significantly, allowing the price to confirm the swing pullback phase by printing the bearish iBOS. This is now reflected in the price action.
Intraday Expectation: We expect the initiation of a bullish pullback phase, indicated by a bullish Change of Character (CHoCH), denoted with a blue dotted line. However, since the bullish CHoCH is positioned in the premium zone, confirmation of the internal low will only occur if the price retraces to the 50% equilibrium (EQ).
H4 Chart:
M15 Analysis:
Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS).
As previously mentioned, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions.
Since the last analysis, price printed another bearish iBOS, followed by a bullish iBOS after reacting from an M15 demand zone.
Recent bearish Change of Character (CHoCH) suggests the potential initiation of a bearish pullback phase, though this is not confirmation but an indication. I will closely monitor this as the CHoCH positioning is near the internal high, requiring discretionary judgement.
Intraday Expectation: Price is expected to target the 50% equilibrium or the M15 supply zone before aiming for a weak internal high.
It's important to remain cautious, as the H4 timeframe has confirmed swing pullback phase with a bearish iBOS, which may limit upside momentum.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term.
M15 Chart:
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs with price pulling back very minimally.
Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range.
You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish.
Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Intraday expectation was met with price printing bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS.
M15 Chart:
XAU/USD 26 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as yesterday's analysis dated 25 September 2024
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 24 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action.
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback by printing bearish CHoCH, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
*CORRECTION* - I overlooked yesterday's analysis stating internal was bearish when it was in fact bullish.
Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS.
Price is now contained within an internal range and is positioned at the extreme of the strong internal low of internal 50% EQ and M15 demand zone.
Currently strong internal low is holding.
Intraday expectation: Technically price should target weak internal high.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 23 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action.
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a double bullish iBOS since last analysis.
Internal range is now established since price has printed a bearish CHoCH indicating bearing pullback phase initiation.
Intraday expectation: Price to continue bearish and react at either discount of internal 50% EQ of M15 demand zone before targeting weak internal high.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 20 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price did not meet yesterday's intraday with price printing a bullish BOS following reaction from discount of internal 50% EQ.
Fed rate decision to increase rates by 50bps along with geopolitical tensions is supporting Gold prices.
Price has not printed a bullish CHoCH, however, price has printed beyond internal 50% EQ and in to premium, therefore, I am happy to confirm internal range.
Price is currently contained within a swing low and fractal high.
CHoCH positioning is denoted with a blue dotted line.
Intraday expectation: Price to indicate pullback phase intimation. First indication would be for price to print bearish CHoCH.
M15 Chart:
XAU/USD 19 September 2024 Intraday AnalysisH4 Analysis:
Intraday analysis/bias remains the same as yesterday's analysis dated 18 September 2024.
-> Swing: Bullish.
-> Internal: Bullish.
As mentioned on 13 September 2024, price to indicate pullback by printing bearish CHoCH. Current CHoCH was significantly positioned away from price therefore, price could print higher-highs to bring CHoCH positioning closer to current price.
This is how price printed with CHoCH positioning being brought significantly closer to current price action.
After a very long period price has printed it's first indication of bearish pullback phase initiation which was in accordance to my intraday analysis of yesterday 16 September 2024.
Internal range has now been established.
Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices. Therefore, price will be highly volatile.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or Daily and H4 POI's.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price also met yesterday's intraday expectation by targeting weak internal low.
This is in-line with all HTF as a pullback is required.
Yesterday's Fed rate decision to increase rates by 50bps saw a bullish spike in volume with price printing a bullish iBOS, followed by a bearish iBOS, which was in-line with yesterday's intraday expectation.
Price has not printed a bullish CHoCH, however, price has printed beyond internal 50% EQ and in to premium, therefore, I am happy to confirm internal range.
Intraday expectation: Price has reacted at premium of 50% EQ and could potentially target M15 supply zone. Technically price should target weak internal low, however, we should be mindful that, due to geopolitical and macroeconomic conditions, price is likely to be highly volatile.
M15 Chart: