XAU/USD 21 Feb 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Price is currently under the pullback phase of the bearish iBOS.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Price has printed a bearish iBOS. The structural nature of the bearish iBOS, is, compared to recent price action, smaller, therefore, I have classified this structure as sub-structure to the internal structure and will continue to monitor.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Price is currently under the pullback phase of the bearish iBOS.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Price has printed a bearish iBOS. The structural nature of the bearish iBOS, is, compared to recent price action, smaller, therefore, I have classified this structure as sub-structure to the internal structure and will continue to monitor.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
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