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XAU/USD 08 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: Bearish. Yesterday's analysis (07 October 2024) mentioned the alternative scenario, where I noted that given the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum would likely be short-lived, and price could potentially print a bearish iBOS. Price has now printed a bearish iBOS, which was expected as the H4 timeframe remains in a bearish pullback phase. Intraday Expectation: After the iBOS, we anticipate a pullback. CHoCH positioning is marked by a blue dotted line. Price could potentially print a new low, bringing CHoCH positioning closer to the current price. This has occurred whilst I was preparing analysis. CHoCH is now closer to current price action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 04 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price did not meet yesterday's intraday expectation, as the internal structure flipped from bearish to bullish, with the price printing a bullish Internal Break of Structure (iBOS). A bearish Change of Character (CHoCH) has been printed, indicating the initiation of a bearish pullback phase, and an internal range has been established. It is expected that the price will trade down to the premium zone of the 50% internal equilibrium (EQ) or the M15 demand zone. Intraday Expectation: Technically, the price is expected to target the weak internal high. Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. With rising geopolitical tensions, coupled with a dovish stance from the Fed, Gold is expected to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAU/USD 03 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously mentioned, price action remains erratic, driven by ongoing macroeconomic data and heightened geopolitical tensions. Since last analysis, price has printed a double bearish iBOS, aligning with the H4 bearish pullback phase as expected. An internal range has been established, with the price reacting from the extreme high of this range. Intraday Expectation: The price is expected to target a weak internal low. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 02 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. The price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously noted, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions. Since the last analysis, the price printed a double bullish iBOS, likely driven by the escalation of geopolitical tensions. The price has also printed a bearish Change of Character (CHoCH), suggesting, but not confirming the initiation of a bearish pullback phase. Currently, price is positioned at the extreme of a strong internal low, with wicks into this level but no decisive close below. Intraday Expectation: The price is expected to target a weak internal high. However, caution is advised, as the H4 timeframe has confirmed the swing pullback phase with a bearish iBOS, which could limit further upside momentum. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 01 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. The price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has now been confirmed by a bearish Internal Break of Structure (iBOS), which also establishes the swing range. Currently, we are trading between the swing high and the fractal low. In yesterday's analysis, I noted that the internal range had narrowed significantly, allowing the price to confirm the swing pullback phase by printing the bearish iBOS. This is now reflected in the price action. Intraday Expectation: We expect the initiation of a bullish pullback phase, indicated by a bullish Change of Character (CHoCH), denoted with a blue dotted line. However, since the bullish CHoCH is positioned in the premium zone, confirmation of the internal low will only occur if the price retraces to the 50% equilibrium (EQ). H4 Chart: M15 Analysis: Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously mentioned, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions. Since the last analysis, price printed another bearish iBOS, followed by a bullish iBOS after reacting from an M15 demand zone. Recent bearish Change of Character (CHoCH) suggests the potential initiation of a bearish pullback phase, though this is not confirmation but an indication. I will closely monitor this as the CHoCH positioning is near the internal high, requiring discretionary judgement. Intraday Expectation: Price is expected to target the 50% equilibrium or the M15 supply zone before aiming for a weak internal high. It's important to remain cautious, as the H4 timeframe has confirmed swing pullback phase with a bearish iBOS, which may limit upside momentum. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 30 September 2024 Intraday AnalysisH4 Analysis: Intraday analysis/bias remains the same as yesterday's analysis dated 29 September 2024. -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge in price printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Although price has tapped in to strong internal low, price has been unable to close below Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic if price prints a bearish iBOS. H4 Chart: M15 analysis: -> Swing: Bullish. -> Internal: Bearish. Last week's intraday expectation (27 September 2024): In my previous analysis, I mentioned an alternative scenario where, due to all higher time frames (HTFs) requiring a pullback, it would not be surprising if the price printed a bearish Internal Break of Structure (iBOS). This is exactly what transpired, with the price printing a bearish iBOS. This marks the first bearish iBOS since 18 September 2024, confirming the swing structure. Following the bearish iBOS, the price has now printed a bullish Change of Character (CHoCH), indicating a potential shift in momentum. Currently, the price is contained within an internal range and is trading in the premium zone above the 50% equilibrium (EQ) of that range. Intraday Expectation: The price is expected to react at the M15 supply level before potentially targeting a weak internal low. With rising geopolitical tensions, Gold is likely to remain highly volatile in the near term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Intraday expectation was met with price printing bullish iBOS. 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 be unexpected if price prints 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 25 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. 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 was correct as price did target weak internal high, printing a further bullish iBOS. 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 24 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish. Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile. From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action. Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback by printing bearish CHoCH, therefore, I will be standing by. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. *CORRECTION* - I overlooked yesterday's analysis stating internal was bearish when it was in fact bullish. Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS. Price is now contained within an internal range and is positioned at the extreme of the strong internal low of internal 50% EQ and M15 demand zone. Currently strong internal low is holding. Intraday expectation: Technically price should target weak internal high. 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 23 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish. Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile. From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action. Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a double bullish iBOS since last analysis. Internal range is now established since price has printed a bearish CHoCH indicating bearing pullback phase initiation. Intraday expectation: Price to continue bearish and react at either discount of internal 50% EQ of M15 demand zone before targeting weak internal high. 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 19 September 2024 Intraday AnalysisH4 Analysis: Intraday analysis/bias remains the same as yesterday's analysis dated 18 September 2024. -> 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: Bearish. Price also met yesterday's intraday expectation by targeting weak internal low. This is in-line with all HTF as a pullback is required. Yesterday's Fed rate decision to increase rates by 50bps saw a bullish spike in volume with price printing a bullish iBOS, followed by a bearish iBOS, which was in-line with yesterday's intraday expectation. Price has not printed a bullish CHoCH, however, price has printed beyond internal 50% EQ and in to premium, therefore, I am happy to confirm internal range. Intraday expectation: Price has reacted at premium of 50% EQ and could potentially target M15 supply zone. 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 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 12-16 August 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has, as yet, failed to indicate bearish pullback following bullish bullish BOS and iBOS. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. However, price could print further highs which would bring CHOCH positioning closer to current price. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. Price indicated bearish pullback phase initiation once it printed a bearish CHoCH. Price then continued bearish, reacting at discount of internal 50% EQ denoted in blue. Price has, once again, almost precisely reacted at 50% EQ of the internal structure, therefore, technically price should target weak internal high. Daily Chart: H4 Analysis: -> 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:
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
GOLD Possible drop to daily 20EMAInstrument : GOLD Possible direction : Bearish Technical Analysis : From daily timeframe price has formed daily doji which has formed after multiple liquidity grab from both support and resistance. We see a clear head & shoulder on the 1h chart that has led gold to breakdwon from the trend line and may lead the price to daily 20EMA. On the retest of the hourly trend line a sell trade is high probable for short term. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01