Khan_YIK

XAU/USD 07 Fed 2024 Intraday Analysis

OANDA:XAUUSD   الذهب / دولار أمريكي
H4 Analysis:

-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.

Price printed double bullish iBOS to confirm swing pullback phase is complete.

Currently internal structure remains bearish.

Expectation remains as H4 analysis dated 06/02/2024, for price to continue to trade bearish to target weak internal low.

H4 Chart:
M15 Analysis:

-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.

Following swing BOS price very aggressively pushed to the upside.

Price has printed a bullish iBOS where we are now in the pullback phase.

Sub-structure to internal structure, which is marked in red has now printed a bullish iiBOS.

Intraday expectation remains the same as 06/02/2024, for price to target weak internal high.

M15 Chart:




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