XAU/USD 24 April 2024 Intraday Analysis

H4 Analysis:

-> Swing: Bullish.
-> Internal: Bearish.

Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.

Following the bearish iBOS we now expect price to pullback.

Intraday expectation: We are seeing a reaction to H4 flip zone where price could target weak internal low, however, price is trading in between H4 supply and demand. Price could potentially continue bullish to 50% EQ before targeting weak internal low.

H4 chart: snapshot

M15 Analysis:

-> Swing: Bullish.
-> Internal: Bearish.

Price has printed a bearish iBOS

We are currently trading within an internal range with price printing a bullish CHoCH which indicates, but not confirms bullish pullback initiation.

Price has reacted from H4 supply POI which was well positioned in premium EQ.

Intraday expectation: price to target weak internal low, however, price could potentially from any H4 or M15 POI.

M15 Chart: snapshot

goldtradingsetupgoldtradingstrategyh4h4goldintradaygoldm15Multiple Time Frame AnalysisSupply and Demandxauusdanalysisxauusdupdates

Aussi sur:

Publications connexes

Clause de non-responsabilité