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XAU/USD 21 November 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH. Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations. Intraday Expectation: Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bullish. Price Action Analysis: Yesterday's intraday expectation played out as price successfully targeted the weak internal high at 2,641.940, following a reaction from the M15 demand zone. Price has printed a bullish iBOS. Price has yet to print a bearish Change of Character (CHoCH), which is crucial to establishing an internal range and indicating the initiation of bearish pullback phase. CHoCH positioning is marked with a blue dotted line. Intraday Expectation: Technically, price is expected to print a bearish CHoCH, signaling the initiation of a bearish pullback phase. Alternative Scenario: The H4 timeframe remains in a bullish pullback phase. Price is trading at the premium of its internal and swing 50% equilibrium (EQ), where a reaction has been observed. Additionally, price is approaching an H4 supply zone, which could prompt further reaction. Note: With the Federal Reserve's dovish policy stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders are advised to exercise caution and remain vigilant for potential whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 October 2024. -> Swing: Bullish. -> Internal: Bearish. Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low. Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone. Intraday Expectation: Price is expected to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following a bullish iBOS, price has been highly volatile but remains contained within the internal range. Price has wicked both above and below the internal range without any candle closures. Intraday Expectation: Technically, price is expected to target the weak internal high. Price has attempted to reach the weak internal high but has failed to close above. Alternative Scenario: Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. Price could potentially print a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 26 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis/bias remains the same as yesterday's analysis dated 25 September 2024 Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 18 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As mentioned on 13 September 2024, price to indicate pullback by printing bearish CHoCH. Current CHoCH was significantly positioned away from price therefore, price could print higher-highs to bring CHoCH positioning closer to current price. This is how price printed with CHoCH positioning being brought significantly closer to current price action. After a very long period price has printed it's first indication of bearish pullback phase initiation which was in accordance to my intraday analysis of yesterday 16 September 2024. Internal range has now been established. Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices. Therefore, price will be highly volatile. Intraday expectation: Price to continue bearish, react at discount of 50% EQ or Daily and H4 POI's. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price met yesterday's intraday expectation by targeting weak internal low. This is in-line with all HTF as a pullback is required. Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price has reacted at premium of 50% EQ. Technically price should target weak internal low, however, we should be mindful that, due to geopolitical and macroeconomic conditions, price is likely to be highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 10 September 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 05 September 2024. -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price has targeted weak internal low but the move was not sustained which indicates that price may be seeking further liquidity. We are seeing a secondary reaction to previous M15 supply zone. Intraday expectation: Price is in premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 30 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 27 August 2024. -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 29 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 27 August 2024. -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 21 August 2024 Intraday AnalysisH4 Analysis: Analysis/Intraday expectation to remain the same as analysis dated 18 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Bearish CHoCH positioning is denoted with a blue dotted line. H4 demand zone is positioned the same as bearish CHoCH positioning. Intraday expectation: On a candle-to-candle view since iBOS, price is printing higher highs, therefore, wait until price indicates pullback. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Previous Intraday expectation was met and price has printed a bullish iBOS. Price has printed bearish CHoCH to indicate bearish pullback phase initiation. Internal structure has been established and price reacted at discount of 50% EQ, however, price has also failed, as yet, to target weak internal high, therefore, price could potentially be seeking further liquidity and could be targeting M15 demand zone. Intraday expectation: Technically price should target weak internal high but thus far has failed, therefore, price is perhaps seeking further liquidity (M15 demand zone) to fuel. bullish continuation. Alternative scenario: We need to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 16 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias to remain the same as yesterday's analysis dated 15 August 2024. -> Swing: Bullish. -> Internal: Bullish. As per previous intraday expectation, price was approaching internal high, however, due to US CPI data, and traders trimming rate-cut bets due to US CPI data, price had a bearish reaction, nonetheless, bullish structure remains intact. Intraday expectation: Price to continue to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met with price targeting weak internal low printing a bearish iBOS. Bullish CHoCH positioning and strong internal high are positioned at the same level, however, as price has pulled back to discount of 50% internal EQ, I am happy to confirm internal low. Price has reacted at H4 supply zone. Intraday expectation: Price to target weak internal low, however, and as per yesterday's intraday expectation, we need to be mindful that H4 internal structure is bullish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 13 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024 -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis. Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per previous analysis, particularly alternative scenario, which was: 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. This is exactly how price printed. Price has printed a bearish CHoCH following bullish iBOS which indicates bearish pullback initiation. Internal structure is substantial, therefore, I have had to to zoom out so you may obtain a better view. Intraday expectation: Price to continue bearish, react at either discount of 50% EQ or M15 demand level before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 09 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 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 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 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 28 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. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. 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: Bullish. Price has printed a bullish iBOS aligning itself with swing structure. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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:
OANDA:XAUUSD
by Khan_YIK
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:
OANDA:XAUUSD
by Khan_YIK
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:
OANDA:XAUUSD
by Khan_YIK
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:
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OANDA:XAUUSD
by Khan_YIK
34
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:
OANDA:XAUUSD
by Khan_YIK
2
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:
OANDA:XAUUSD
by Khan_YIK
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:
OANDA:XAUUSD
by Khan_YIK
2