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XAU/USD 09 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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 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 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 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 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 20 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 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 did not meet yesterday's intraday with price printing a bullish BOS following reaction from discount of internal 50% EQ. Fed rate decision to increase rates by 50bps along with geopolitical tensions is supporting Gold prices. 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. Price is currently contained within a swing low and fractal high. CHoCH positioning is denoted with a blue dotted line. Intraday expectation: Price to indicate pullback phase intimation. First indication would be for price to print bearish CHoCH. 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 17 September 2024 Intraday Analysis H4 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 indicate pullback by printing bearish CHoCH. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price did not meet yesterday's intraday expectation by printing a bearish iBOS. This was expected as all HTF's require a pullback. Intraday expectation: Price has reacted at premium of 50% EQ. Technically price should target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 16 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. 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. Intraday expectation: Price indicate pullback by printing bearish CHoCH. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Price has printed a further bullish iBOS followed by a bearish CHoCH indicating bearish pullback phase initiation. Intraday expectation: Price has reacted at discount of 50% EQ. Technically price should target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 16-20 September 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. I have previously mentioned, for over one month, that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought significantly closer to price. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of bearish pullback. First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Bearish CHoCH positioning is denoted with a blue doted line. Daily Chart: H4 Analysis: Intraday analysis/bias remains the same as analysis dated 13 September 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS without any significant pullback following previous bullish iBOS 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. Intraday expectation: Price indicate pullback by printing bearish CHoCH. Current CHoCH is significantly far, therefore, price could print higher-highs to bring CHoCH positioning closer to current price. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 12 September 2024 Intraday AnalysisH4 Analysis: Intraday analysis/bias remains the same as yesterday's analysis dated 11 September 2024. -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price did not pull back to either H4 POI's or discount of internal 50% EQ which indicates XAU strength. 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. Intraday expectation: Whilst price has continued bullish it is my concern that price did not pull back deep enough to grab liquidity in order to sustain a bullish push. Looking to the left price has made several failed attempts. Price should technically target weak internal high. H4 Chart: M15 Analysis: -> 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 is currently reacting at another M15 supply zone. Intraday expectation: Price is close to extreme 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