XAU/USD 30 September - 04 October 2024
Weekly 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.
Price has continued higher with CHoCH positioning remaining the same as last week's analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS and continued it's surge in price lead by soft US macroeconomics and increasing geopolitical tensions.
After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of printing.
First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has remained unchanged.
Bearish CHoCH positioning is denoted with a blue doted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge in price 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.
Although price has tapped in to strong internal low, price has been unable to close below
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 if price prints a bearish iBOS.
H4 Chart:
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.
Price has continued higher with CHoCH positioning remaining the same as last week's analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS and continued it's surge in price lead by soft US macroeconomics and increasing geopolitical tensions.
After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of printing.
First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has remained unchanged.
Bearish CHoCH positioning is denoted with a blue doted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge in price 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.
Although price has tapped in to strong internal low, price has been unable to close below
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 if price prints a bearish iBOS.
H4 Chart:
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