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H4gold

XAU/USD 28 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 27 June 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bullish iBOS' and price has now aligned itself with swing structure Price has reacted from discount zone of 50% EQ. Intraday expectation: Price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As per previous intraday expectation price did target weak internal low and printed a double bearish iBOS. Price has reacted at a H4 demand level to potentially initiate bullish internal pullback. Price has yet to print a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS, therefore, price is contained within an internal high and fractal low. Internal high and CHoCH positioning are currently at the same level. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. Price could potentially continue bearish to engineer a CHoCH closer to current price. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 26 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 25 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As per previous intraday expectation price did target weak internal low and printed a bearish iBOS. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 25 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 24 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 24 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 24 June 2024 Weekly AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 23 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 21 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price is reacting at premium of 50% EQ of the swing range, which is marked in black. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price reacted at the M15 POI and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at discount of 50% or M15 EQ before targeting weak internal high. It is important to keep in mind that H4 is in bearish pullback phase, as are all other HTF's, therefore, price could target strong internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 20 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price targeted the weak internal high and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at M15 POI or discount of 50% EQ before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 19 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as analysis dated 17 June 2024. -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 18 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 17 June 2024. -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
XAU/USD 17 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 17-21 June 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly Chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 14 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now printed a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Previous intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI. Intraday expectation: Price to target weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 13 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now printed a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Previous intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following yesterday's 12 June 2024) US CPI data release. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price is reacting from discount of 50%. Intraday expectation: Price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 12 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish CHoCH which is indicative of bullish pullback initiation. We are now trading within an internal high low. Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low. Bullish CHoCH has been printed. Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 11 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish CHoCH which is indicative of bullish pullback initiation. We are now trading within an internal high low. Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low. Bullish CHoCH has been printed. Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 10 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside As mentioned in yesterday's analysis dated 09 June 2024, price may continue bearish which would bring bullish CHoCH closer to current price action. Price has now printed this, allowing for a more realistic indication for bullish pullback initiation. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price has now printed bullish CHoCH positioning closer to current price action, therefore, price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a double bearish iBOS. We are now trading within an internal high and fractal low. Intraday expectation: Price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before trageting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 10-14 June 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS. The volatility and selloff on Friday 07 June 2024 was due to China announcing they have halted reserves buying. We are now expecting price to pullback. Currently the CHoCH and internal high are positioned at the same level. Price may continue bearish which would bring CHoCH closer to current price action. Intraday expectation: Price to pullback to premium of 50% or H4 POI before targeting weak internal low. Alternative scenario would be for price to continue bearish to reposition CHoCH closer to current price action. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 07 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish which is the strongest confirmation yet that swing pullback is complete. We are now expecting price to pullback. As price has traded higher the CHoCH has been repositioned closer to current price action. We are now trading within an established internal range. Intraday expectation: Price has printed bearish CHoCH, which is denoted with a blue dotted line. This has indicated, but not confirmed bearish pullback initiation. Price to react at discount of 50% EQ (which is marked in blue) or H4 POI before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish iBOS followed by a bearish iBOS. I am presuming the volatility has been caused by ECB's Schnabel speaking. Intraday expectation: Price to continue bearish, react at nested H4 and M15 POI's before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 06 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish which is the strongest confirmation yet that swing pullback is complete. Price is now trading within an internal low and fractal high. We are now expecting price to pullback. Intraday expectation: Price to print bearish CHoCH, which is denoted with a blue dotted line. This will indicate, but not confirm bearish pullback initiation. Price to react at discount of 50% EQ or H4 POI before targeting weak internal high, which is presently the fractal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation. Due to the volatility caused by high impact news price has been printing very close bullish and bearish iBOS' which have been mechanically mapped. Intraday expectation: Price to continue bearish, react at discount of 50% EQ or nested H4 and M15 POI's before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS. Price has also printed a bullish CHoCH which indicates, but not confirms bullish pullback following bearish iBOS. Price is now trading within an internal range. Price reacted from premium of 50% EQ, however, price was unable to close below. Intraday expectation: Price has once again reacted from internal 50% EQ and should target the weak internal low, which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation. Intraday expectation: Price has reacted from discount of 50% EQ, therefore, technically price should target weak internal high. An alternative scenario would be for price to continue bearish, react at M15 POI before targeting weak internal high. M15 Analysis:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 04 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bullish CHoCH which indicates, but not confirms pullback following bearish iBOS. Price is now trading within an internal range. Bullish pullback was assisted by reaction from H4 and Daily nested demand zones. Yesterday intraday expectation was for price to pullback and print bullish CHoCH which was denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. Price did exactly as expected. Intraday expectation: Price to target fractal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a double bullish iBOS before printing a bearish iBOS. Intraday expectation: Price to pullback to either premium of 50% EQ or M15 supply zones before targeting weak internal low which is denoted with a blue dashed line. An alternative scenario would be for price to continue bearish, react at M15 POI before pullback initiation . This would bring the CHoCH closer to current price allowing a more realistic indication of pullback initiation. The CHoCH is currently positioned at the same level as the M15 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms swing pullback initiation. After iBOS price is expected to pull back. First indication, but not confirmation of internal pullback initiation will be a bullish CHoCH which is denoted with a blue dotted line. Price is currently trading within an internal high and fractal low. We have a nested Daily and H4 demand zone where price is reacting from. Intraday expectation: Price to pullback and print bullish CHoCH which is denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' After iBOS price is expected to pullback, which is currently underway. Price is now contained within an internal range and approaching an M15 supply zone and strong internal high. Intraday expectation: Price to react at M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 03-07 June 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Should this week's candle print the same as last week, price would have printed a bearish CHoCH which indicates, but not confirms, weekly pullback initiation. Expectation is for price to pullback following swing and internal pullback and print a bearish CHoCH. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. As previously mentioned, most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed. Price has now printed a bearish CHoCH which is an indication, but not confirmation of pullback initiation. As mentioned on 24 May 2024, price had wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. This happened to be the case. As mentioned on 26 May 2024, price could react to a Daily demand zone, which price is currently reacting to. However, the demand zone is not positioned well as it is in the premium of 50% EQ. Price could potentially target the weak internal high which is denoted with a blue dashed line. An alternative scenario is for price to continue bearish, react at discount zone of 50% EQ before targeting weak internal high. Daily Chart: H4 Analysis: Analysis/Bias remains unchanged from last week's analysis dated 31 May 2024. Additional comment is that price has done almost exactly as scenario two of my analysis of last week. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. As previously mentioned, I have started to map internal structure to gain a better understanding of price action. I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range. Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line. Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart:
OANDA:XAUUSD
by Khan_YIK