XAU/USD 27-31 May 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Last week the CHoCH was at the same level as the internal low.
Price continued bullish before pulling back which has moved the CHoCH closer to most recent price action.
This allows price to not pull back so deeply to print the very first indication, but not confirmation, of pullback initiation.
Expectation is for price to pullback following swing and internal pullback and print a CHoCH.
As mentioned 19 May 2024 that it is also reasonable to expect price to continue bullish, bringing ChOCH closer to the current price action to initiate pullback. price has done exactly that.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
As previously mentioned, most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed.
Price has now printed a bearish CHoCH which is an indication, but not confirmation of pullback initiation.
As mentioned on 24 May 2024, price had wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. This happened to be the case.
Expectation is for price to continue bearish, react at discount of 50% EQ before targeting weak internal high.
However, we do have a daily demand zone close-by so price could potentially react from that POI.
Daily Chart:
H4 Analysis:
Analysis/Bias remains the same as analysis dated 24 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation.
I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation.
Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone.
Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below.
Intraday expectation: Scenario one: Price to continue bullish to target weak internal high
Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line.
H4 Chart:
H4gold
XAU/USD 24 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation.
I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation.
Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone.
Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below.
Intraday expectation: Scenario one: Price to continue bullish to target weak internal high
Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a series of bearish iBOS' (Internal breaks of structure).
After every iBOS price is expected to pull back.
Once price has printed bearish CHoCH we can establish internal high.
Intraday expectation: Internal range has yet to be established, however, internal structure is bearish. Once internal range has been establish price to eventually target weak internal low.
M15 Chart:
XAU/USD 23 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation.
I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation.
Price is now in discount of 50% EQ and close to a H4 demand zone where would expect to see a reaction.
Intraday expectation: Price to continue bearish and react at H4 POI's to then target weak internal high which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS (Internal break of structure).
After iBOS price is expected to pull back.
Intraday expectation dated 21 May 2024 was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which were positioned closely before targeting weak internal low which was denoted with a blue dashed line.
Price printed as expected and printed a bearish iBOS.
Price has continued bearish and we are now trading within an internal high and fractal low.
Intraday expectation: We are expecting price to pullback. First indication, but not confirmation of pullback initiation is a bullish CHoCH which is denoted with a blue dotted line. Price to continue bullish, react at premium of 50% before targeting weak internal low which is currently a fractal low.
M15 Chart:
XAU/USD 22 May 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 21 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
However, price has continued bullish creating all-time-highs.
Price is showing very early signs of pullback, however, as yet we have no indication or confirmation.
First indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Intraday expectation: Scenario one: Price to continue bullish, create new high which would bring CHoCH closer to recent price action.
Scenario two: As mentioned above, price is showing very early signs of pullback, however, as yet, we have no indication or confirmation, therefore, price to continue bearish, print bearish CHoCH to indicate pullback initiation. Price to then react at either discount of 50% EQ or H4 demand levels before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS (Internal break of structure).
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bullish CHoCH. Price has printed a bullish CHoCH which is denoted with a blue dotted line.
Yesterday's intraday expectation was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which are positioned closely before targeting weak internal low which was, and still remains denoted with a blue dashed line.
Price printed as expected but did not manage to breach and close below weak internal low.
Intraday expectation: Price to target weak internal low.
M15 Chart:
XAU/USD 21 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
However, price has continued bullish creating all-time-highs.
Price is showing very early signs of pullback, however, as yet we have no indication or confirmation.
First indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue doted line.
Intraday expectation: Scenario one: Price to continue bullish, create new high which would bring CHoCH closer to recent price action.
Scenario two: As mentioned above, price is showing very early signs of pullback, however, as yet, we have no indication or confirmation, therefore, price to continue bearish, print bearish CHoCH to indicate pullback initiation. Price to then react at either discount of 50% EQ or H4 demand levels before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS (Internal break of structure).
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bullish CHoCH. Price has printed a bullish CHoCH which is denoted with a blue dotted line.
Intraday Expectation: Price to continue bullish. React at either premium of 50% EQ or M15 POI both of which are positioned closely before targeting weak internal low which is denoted with a blue dashed line.
M15 Chart:
XAU/USD 20 May 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 19 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this.
We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
Previous intraday expectation was for price to react at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels.
Price has reacted deep in to Daily and H4 supply levels but unable to close above.
The wicking up and closing below could potentially mean a liquidity grab so price can initiate pullback as CHoCH has now been repositioned even closer (than previous) to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS.
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bearish CHoCH. Price has printed a bearish CHoCH which is denoted with a blue dotted line.
Intraday Expectation: Price to react at M15 demand zone to initiate pullback. Price to pull back to either discount of 50% EQ or M15 demand zone before targeting weak internal high.
*CORRECTION* - Typo error as mentioned on 17 May 2024 Trade idea would only be invalidated if price breaks and closes BELOW internal low which was the blue dashed line. Trade idea would have been invalidated as order flow is bullish.
M15 Chart:
XAU/USD 20-24 May 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
It is also reasonable to expect price to continue bullish, bringing ChOCH closer to the current price action to initiate pullback.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
As previously mentioned most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed.
Price is currently reacting at a daily POI.
Previous expectation was for price to continue bearish, react at either discount of 50% EQ or Daily POI's before targeting weak internal high.
Price has not shown any indication of pullback initiation and continues bullish.
Price has wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback.
Alternative scenario: Price to continue bullish, print iBOS (Internal Break of Structure) to then initiate pullback after iBOS.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this.
We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
Previous intraday expectation was for price to react at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels.
Price has reacted deep in to Daily and H4 supply levels but unable to close above.
The wicking up and closing below could potentially mean a liquidity grab so price can initiate pullback as CHoCH has now been repositioned even closer (than previous) to current price action.
H4 Chart:
XAU/USD 17 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this.
We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
Intraday expectation: Price is reacting at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bearish CHoCH. Price has printed this which is denoted with a blue dotted line.
Yesterday's (16 May 2024) Intraday expectation was for price to pullback to discount of 50% EQ or M15 supply level, possibly as deep as H4 supply level before targeting weak internal high which is denoted with a blue dashed line.
Price did not pullback into either zone and reacted close to 50% EQ reacting at premium EQ.
Intraday Expectation: Price to continue bearish, react at either M15 demand zone, discount zone of 50% EQ before targeting weak internal high which is denoted with a blue dashed line.
It would not be unrealistic for price to pull back as deep as the H4 demand zone before targeting weak internal high.
Trade idea would only be invalidated if price breaks and closes above weak internal high, which is the blue dashed line.
M15 Chart:
XAU/USD 16 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this.
We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper.
Yesterday's intraday expectation was for price to continue bullish and react at nested Daily and H4 supply levels which price did.
Current intraday expectation: Price has reacted at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bearish CHoCH. Price has printed this which is denoted with a blue dotted line.
Intraday expectation: Price to pullback to discount of 50% EQ or M15 supply level, possibly as deep as H4 supply level before targeting weak internal high which is denoted with a blue dashed line.
M15 Chart:
XAU/USD 15 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Price did not pullback back into either discount of 50% EQ or H4 Demand level before continuing pro-swing which could potentially mean that price may need to pull back deeper to gain liquidity for a sustained bullish move.
Intraday expectation: Price to continue bullish and react at nested Daily and H4 supply levels.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Intraday expectation dated 14 May 2024 was for price to target weak internal which is denoted with a blue dashed line. This is currently underway.
Current Intraday expectation: Price to target weak internal high (denoted with blue dashed line) It is expected that price breaks and closes above blue dashed line which will mean an internal break of structure that will eventually lead to price pulling back from nested Daily and H4 supply levels.
M15 Chart:
XAU/USD 14 May 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as analysis dated 13 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line.
M15 Chart:
XAU/USD 13 May 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as analysis dated 12 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
First indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dotted line.
Intraday expectation dated 10 May 2024 was for price to react at nested Daily and H4 POI levels to initiate pullback, which price did.
Current Intraday expectation: Price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high.
M15 Chart:
XAU/USD 13-17 May 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 05 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
As previously mentioned most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed.
Price is currently reacting at a daily POI.
Expectation: Price to continue bearish, react at either discount of 50% EQ or Daily POI's before targeting weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
XAU/USD 10 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Intraday expectation: Price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
First indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dotted line.
Intraday expectation: Price to react at nested Daily and H4 POI levels to initiate pullback.
M15 Chart:
XAU/USD 09 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at premium of EQ of the internal structure where it is expected the strong high will hold.
Intraday expectation : From a bearish structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 08 May 2023
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
XAU/USD 08 May 2024 Intraday Analysis H4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 07 May 2024.
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ and targeted weak internal low, however, price was unable to close below.
Intraday expectation : From a structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 07 May 2023
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
XAU/USD 07 May 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 May 2024.
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ and targeted weak internal low, however, price was unable to close below.
Intraday expectation : From a structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
XAU/USD 06 May 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 12 May 2024.
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ and targeted weak internal low, however, price was unable to close below.
Intraday expectation : From a structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a printed a bearish iBOS as mentioned in yesterday's analysis dated 02 April 2024.
Price has pulled back and printed a bullish CHoCH which indicates initiation of pullback.
Price has twice reacted at premium of EQ, however, the move is not being sustained to target weak internal low with price consolidating in a sideways range.
Intraday expectation dated 3 May 2024 was for price to target weak internal low which price did, however, weak swing and internal low remained intact and price was unable to close below.
Intraday expectation: Due to the internal bearish structure of the market price is to once again target weak internal low.
M15 Chart:
XAU/USD 6-11 May 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
Price was unable to print higher highs .
As per last week's analysis, CHoCH had repositioned closer to most recent price action. This was advantageous due to the fact that price did not need to retrace much deeper to initiate pullback.
Price eventually printed a bearish CHoCH which indicates, but does not confirm pullback initiation.
Remainder of analysis/bias remains unchanged since last daily analysis dated 28 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent.
Daily Chart:
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ and targeted weak internal low, however, price was unable to close below.
Intraday expectation : From a structural perspective price to target weak internal low.
H4 Chart:
XAU/USD 03 May 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 02 May 2024
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ.
Intraday expectation : Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a printed a bearish iBOS as mentioned in yesterday's analysis dated 02 April 2024.
Price has pulled back and printed a bullish CHoCH which indicates initiation of pullback.
Price has twice reacted at premium of EQ, however, the move is not being sustained to target weak internal low with price consolidating in a sideways range.
Intraday expectation: Price to target weak internal low.
M15 Chart:
XAU/USD 02 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per yesterday's intraday expectation, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ.
Intraday expectation : Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Price pulled back into 50% EQ but failed to close above weak internal high.
Price has now pulled back into the extreme of the internal low where we are currently seeing a bullish reaction and it is expected for the internal low to hold.
Intraday expectation: Price to target weak internal high.
However, H4 is bearish, therefore, it would not be unrealistic for price to target swing low priced at 2281.680.
M15 Chart :
XAU/USD 01 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
Intraday expectation: Price to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a series of bearish iBOS'.
Following bullish iBOS price is expected to pullback which price did printing a bullish CHoCH.
Intraday expectation: Price to target weak internal low.
Another alternative could be that price prints bullish iBOS as H4 remains in bullish pullback phase.
M15 Chart:
XAU/USD 30 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligned with swing structure.
Following bullish iBOS we expect price to pullback.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
Intraday expectation: Price to target weak internal high, however, all HTF's are requiring a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS.
Following bullish iBOS price is expected to pullback.
I have reviewed swing and internal structure due to extensive range of swing structure.
Intraday expectation: Following bearish iBOS await for price to pullback. Once price prints a bearish CHoCH the internal range will be established. Price to then target weak internal low.
M15 Chart: