XAU/USD 29 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligned with swing structure.
Following the bullish iBOS we expect price to pullback.
As per yesterday's Intraday expectation, price had yet to confirm pullback initiation. First indication, but not confirmation was for price to print bearish CHoCH (*correction*, in yesterday's analysis I mentioned iBOS which should have been CHoCH). This would in-turn confirm internal structure.
Price has now printed a bearish CHoCH as per expectation.
Intraday expectation: Price to target weak internal high, however, all HTF's are requiring a pullback, therefore, price could potentially react at H4 POI.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Following bullish iBOS price is expected to pullback.
Price has printed a bearish CHoCH which is denoted with a blue dotted line. This indicates, but not confirms pullback initiation.
I have now mapped sub-internal structure to gain a micro-view of price action where price has printed a bullish CHoCH
Intraday expectation: Price to target weak internal high, however, caution at H4 POI as all HTF's require a pullback.
M15 Chart:
