XAU/USD 05 June 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS.
Price has also printed a bullish CHoCH which indicates, but not confirms bullish pullback following bearish iBOS.
Price is now trading within an internal range.
Price reacted from premium of 50% EQ, however, price was unable to close below.
Intraday expectation: Price has once again reacted from internal 50% EQ and should target the weak internal low, which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation.
Intraday expectation: Price has reacted from discount of 50% EQ, therefore, technically price should target weak internal high.
An alternative scenario would be for price to continue bearish, react at M15 POI before targeting weak internal high.
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS.
Price has also printed a bullish CHoCH which indicates, but not confirms bullish pullback following bearish iBOS.
Price is now trading within an internal range.
Price reacted from premium of 50% EQ, however, price was unable to close below.
Intraday expectation: Price has once again reacted from internal 50% EQ and should target the weak internal low, which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback initiation.
Intraday expectation: Price has reacted from discount of 50% EQ, therefore, technically price should target weak internal high.
An alternative scenario would be for price to continue bearish, react at M15 POI before targeting weak internal high.
M15 Analysis:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.