XAU/USD 19 April 2024 Intraday Analysis
H4 Analysis:
Bias/Analysis remains unchanged since yesterday's analysis dated 18 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price reacted at H4 supply and subsequently reacted at H4 demand.
Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price then tapped into a M15 demand area where we saw a reaction.
Current intraday expectation would be for price to react at 50% EQ or M15 POI before targeting weak internal high.
M15 Chart:
Bias/Analysis remains unchanged since yesterday's analysis dated 18 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price reacted at H4 supply and subsequently reacted at H4 demand.
Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price then tapped into a M15 demand area where we saw a reaction.
Current intraday expectation would be for price to react at 50% EQ or M15 POI before targeting weak internal high.
M15 Chart:
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