XAU/USD 11 October 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
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.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
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:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
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.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
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:
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.