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XAU/USD 08 August 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 06 August 2024. -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met, assisted by dovish US economic news. Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation. Indication of pullback initiation started by reaction at H4 demand level. Price is currently hovering around 50% EQ printing low volume rangebound price action. Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low. Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 07 August 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 06 August 2024. -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met, assisted by dovish US economic news. Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation. Indication of pullback initiation started by reaction at H4 demand level. Price is currently hovering around 50% EQ printing low volume rangebound price action. Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low. Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 06 April 2024 Intraday Analysis H4 Analysis: Bias/Analysis remains the same as analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met, assisted by dovish US economic news. Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation. Indication of pullback initiation started by reaction at H4 demand level. Price is currently hovering around 50% EQ printing low volume rangebound price action. Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low. Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
4
XAU/USD 05 August 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. Alternative scenario, price to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS. Although price has not yet print a bullish CHOCH, price has pulled back into premium of 50% EQ, therefore, I am happy to mark the current low as an internal low thereby giving us an internal range. Intraday expectation: Technically price should target weak internal low, however, we have had two failed attempts which could mean price is seeking liquidity to fuel it's drive down, therefore, price to react at premium of 50% or M15 supply level before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
4
XAU/USD 02 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has now printed a bullish iBOS aligning itself with swing structure. Price has reacted at H4 supply level to possibly initiate bearish pullback phase. CHoCH line is denoted with a blue dotted line with price yet to print bearish CHoCH to indicate bearish pullback phase initiation. Intraday expectation: Price to print bearish CHoCH, trade down to either discount of 50% EQ or M15 demand levels before targeting weak internal high. Alternative scenario: Price to continue bullish to reposition CHOCH closer to current price action. To then trade down to discount of 50% EQ or M15 demand levels before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 01 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price printed a bulish iBOS followed by a double bearish iBOS. Whilst the most recent bearish iBOS did not print a bullish CHoCH, I was happy to mark the internal low as price had reached 50% and in to premium of the internal EQ. After bearish iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH. Intraday expectation: Price to print bullish CHoCH to indicate pullback initiation before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 31 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS After iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH. Bearish CHoCH has been printed which indicates bearish pullback phase initiation and internal range. Intraday expectation: Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 19 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Intraday expectation: Price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS which confirms swing pullback phase initiation. After iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH. CHoCH positioning is denoted with a blue dotted line on the inside bar candle. We are currently trading within an internal high and fractal low. Intraday expectation: Price to print bullish CHoCH to indicate bullish pullback phase initiation. Price to trade up to premium of 50% EQ or react at M15 POI before targeting weak internal low. Alternative scenario: Price to print a lower low which would reposition CHoCH positioning closer to more recent price action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 18 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. I have been previously mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase. This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line. 50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue. Price has printed a bearish CHoCH indicating bearish pullback phase initiation, however, price has been unable to sustain it's bearish pullback phase and seems to be targeting the weak internal high. Intraday expectation: Price has been unable to sustain it's bearish pullback phase. I would therefore stand aside an wait for price to confirm. It may be possible that price will print a higher high which would bring the internal low closer to current price action allowing for more realistic confirmation of bearish pullback phase initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS which confirms swing pullback phase initiation of the swing structure and has also confirmed swing range, however, I will be monitoring this. Intraday expectation: Internal structure is bearish, swing and internal high are positioned the same making swing high weak but the internal high strong. I would therefore stand aside and wait to see how price reacts at M15 supply level before taking action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 17 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. I have been mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase. This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line. 50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue. Intraday expectation: Allow price to continue it's bullish momentum and print bearish CHoCH to indicate pullback initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has print both internal and swing BOS (Break Of Structure) Price has printed a bearish CHoCH thereby confirming internal range and indicating bearish pullback phase initiation. Intraday expectation: Price could potentially be targeting weak internal high. Alternative scenario, price to react at M15 supply zone, pullback into discount of 50% or M15 demand zone before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 16 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. I have previously mentioned on a few occasions that I was concerned that price has not pulled back deep enough into either discount of internal 50% EQ or tapped in to any POI's. I also mentioned that price could be seeking further liquidity to fuel it's bearish pullback phase and that price could create a higher high to bring CHoCH positioning closer to current price action to allow for. This is precisely what happened. Price has printed a higher high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line. Intraday expectation: Allow price to continue it's bullish momentum as price could potentially print a further higher high which would bring CHoCH positioning even closer to current price action. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met with price breaching strong high printing a double bullish iBOS. This was not unexpected H4 was continuing it's bullish leg. After bullish iBOS price printed bearish CHoCH, traded down to discount of 50% EQ and reacted at M15 POI. Intraday expectation: Technically, internal structure is bullish and price is obviously targeting weak internal high, therefore, price should print a bullish iBOS. However, we need to remain mindful that H4 could initiate pullback at any moment, therefore, limiting M15 bullish momentum. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has reacted from daily supply zone which could potentially initiate the bearish pullback phase following bullish iBOS. Bearish CHoCH positioning, which is denoted with a blue dotted line, is quite a distance away from price, therefore, for a better indication that pullback phase has initiated I would like to see price print a bearish CHoCH. Intraday expectation: Both swing and internal structures are bullish. We currently do not have any indication or confirmation of bearish pullback phase initiation. I would therefore stand aside and allow price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, following bullish iBOS last week, technically price should have targeted weak internal high as price was in the discount zone of 50% EQ with internal structure being bullish and that we should be mindful that H4 remains in bearish pullback phase, therefore, I would not have be surprised if price printed a bearish iBOS. Price printed a bearish iBOS, therefore, the previous intraday expectation was correct. Following bearish iBOS price printed a bullish CHoCH which indicates bearish pullback phase initiation. Intraday expectation: Price reacted at premium of 50% EQ but could not target weak internal low. Price could potentially seek more liquidity by trading up to M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15-19 July 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remains the same as last week's analysis dated 07 July 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS. Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Price has been unable to print a bearish CHoCH and has reacted from premium 50% EQ of the internal low and fractal high. Forthcoming week's expectation is for price to continue bullish, create a new high which would bring CHoCH closer to current price action allowing for price to indicate pullback initiation closer to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. As mentioned in last week's analysis dated 07 July 2024 that since bullish swing and internal break of structure price has not, as yet, pulled back in to discount of 50% EQ. Both of which swing and internal 50% EQ are located very close-by. Please note, swing range has yet to be established. I also mentioned that this could possibly be an indication that price needed more liquidity to fuel it's drive to the downside which failed after reacting from a daily demand zone. This is precisely what occurred and price is now reacting at a daily demand zone and extreme of the 50% EQ of the internal structure , however, the current internal high is weak so price should, technically, target the weak internal high and print a bullish iBOS. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As previously mentioned, following bullish iBOS, price did not pull back significantly enough to indicate bearish pullback initiation which could indicate that price is seeking further liquidity to initiate bearish pullback. I also previously mentioned that price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action and tap into daily supply zone. This is precisely what occurred. Current position of CHOCH remains quite a distance away, therefore, in my opinion, the above remains valid. I would expect price to print a higher high, which would bring CHoCH positioning closer to current price action. Intraday expectation: price to print a higher high, which would bring CHoCH positioning closer to current price action to then initiate bearish pullback phase. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 11 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 10 July 2024. -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation. This could indicate that price is seeking further liquidity to fuel its drive down. Price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met with strong high being breached and price printing bullish iBOS, aligning itself with swing structure. Following pullback, bearish pullback initiation began after reaction from M15 supply zone printing a bearish CHoCH to indicate, but not confirm bearish pullback initiation. However, price could not sustain it's bearish pullback phase and has reacted from premium of 50% EQ to target weak internal high. This would bring into question if price has enough liquidity to break and close above weak internal high. Intraday expectation: If price fails to break and close above weak internal high I would expect price to pull back to either discount of 50% EQ or M15 demand zone before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 10 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation. This could indicate that price is seeking further liquidity to fuel its drive down. Price could also create a new high, higher than the fractal high to bring CHoCH positioning closer to current price action. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation of price targeting weak internal low was met, however, price was unable to close below. Intraday expectation: Strong internal high to remain protected, price to react at M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 09 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a further bearish iBOS Technically we are currently trading within an internal high and fractal low with the bullish CHOCH positioned close to the internal high, however, as price has reached premium of 50% EQ I am happy to label the fractal low as an internal low as bullish CHoCH is positioned close the the internal high. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has been fairly erratic printing small range bullish iBOS' followed by small range IBOS'. Whilst range sizes are smaller than previous iBOS' and could be open to interpretation with reference to recent price action, I will keep the process mechanical. Price is currently trading between an internal high and fractal low. Bullish CHoCH lined is denoted with the blue dotted line, which is positioned close to M15 supply zone. Intraday expectation: Price to continue bearish, which would reposition CHoCH closer to current price action. Bearish iBOS has been printed, therefore, a pullback will be required to either premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 08-12 July 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS. Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Price has been unable to print a bearish CHoCH and has reacted from premium 50% EQ of the internal low and fractal high. Forthcoming week's expectation is for price to continue bullish, create a new high which would bring CHoCH closer to current price action allowing for price to indicate pullback initiation closer to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Since bullish swing and internal break of structure price has not, as yet, pulled back in to discount of 50% EQ. Both swing and internal 50% EQ are located very close-by. An attempt was made on May 24 to break structure to the upside, however, price failed to close above. This could indicate price needed more liquidity to fuel it's drive to the downside which failed after reacting from a daily demand zone. Expectation is for price to continue bullish and react at daily demand zone before pullback initiation. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Intraday expectation: Price to continue bullish and react at daily supply zone. This should being CHoCH close to current price action to indicate bearish pullback initiation. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 04 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation and printed a further bullish iBOS where price targeted the weak internal high. Bearish CHoCH has been printed which indicates bearish pullback initiation. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount zone of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 04 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 03 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a further bullish iBOS. Bearish CHoCH has been printed after reacting from H4 supply zone. This indicates, but not confirms bearish pullback initiation. Price has reacted from discount of 50% EQ. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price again printed, as per yesterday's intraday expectation, targeted the weak internal high and printed a further bullish iBOS. After an iBOS we expect a pullback which seems to be currently underway. Bearish CHoCH will indicate, but not confirm bearish pullback initiation which is marked with a blue dotted line. 50% EQ, M15 demand and Bearish CHoCH are all positioned closely. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 02 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 01 July 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Price is again showing reaction to premium of 50% EQ. Intraday expectation: Price to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation targeting the weak internal high and printing an iBOS. After an iBOS we expect a pullback which price did. Price then strongly reacted at an M15 demand level. Intraday expectation: Internal structure is bullish, therefore, technically price should target weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 01 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 07 June 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Price is once again showing reaction to premium of 50% EQ. Intraday expectation: Price to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bullish iBOS' with price now aligning itself with swing structure Price previously reacted from discount zone of 50% EQ but was unable to maintain it's bullish momentum to target weak internal high. Price continued bearish, reacted at strong internal low and M15 POI. Price has reacted at premium of 50% EQ. Intraday expectation: Internal structure is bullish, therefore, technically price should target weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK