XAU/USD 22 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's
Yesterdays Intraday expectation was for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with a blue dotted line. Price printed this.
Current intraday expectation is for price to react at either H4 or M15 POI. Price to then target weak internal high.
However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback.
M15 Chart:
H4gold
XAU/USD 18-22 March 2024 Weekly AnalysisWeekly Analysis:
Bias remains unchanged from last week's analysis dated 10/03/2024
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Chart:
Daily Analysis:
Bias remains unchanged from last week's analysis dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Sub-internal structure is denoted in red.
Most likely scenario is for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback.
Daily Chart:
H4 Analysis:
Analysis/bias remains unchanged from last Friday's analysis dated 15/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
XAU/USD 12 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays post dated 11/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Due to the size of the internal range I have plotted sub-internal structure which is denoted in red.
50% EQ of the internal range is also denoted in red.
Price has printed a bearish CHoCH and bearish iCHoCH which indicates, but not confirms, that pullback is underway.
Intraday expectation is for price to continue bearish, react at M15 POI before targeting weak internal high.
However, it would be useful to remember that all HTF's are requiring a pullback.
M15 Chart:
XAU/USD 11 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
XAU/USD 11 - 15 March 2024 Weekly AnalysisWeekly Analysis:
Bias remains unchanged from last week's analysis dated 03/03/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Sub-internal structure is denoted in red.
Most likely scenario is for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart: