XAU/USD 03 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low.
further new high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS where it continues to print all time highs.
Price is now contained within bullish internal structure after confirmation of bearish ChoCH.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ (which price is currently doing) of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
H4gold
XAU/USD 02 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs where we continue to trade within a fractal high and internal low.
New high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs.
Price is now contained within internal structure after confirmation of bearish ChoCH.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario is price to continue bullish and keep printing all time highs! This now seems less probable as price has made an attempt to close to above but has failed to do so.
M15 Chart:
XAU/USD 01 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs and we continue to trade within a fractal high and low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs.
Price is now contained within internal structure after confirmation of bearish ChoCH.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario is price to continue bullish and keep printing all time highs!
M15 chart:
XAU/USD 25 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains unchanged since last analysis dated 22/03/2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's
Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this.
Due to the size of the internal range I have plotted sub-internal range, which is denoted in red, to gain a micro-view of price action.
Sub-internal structure is bearish.
However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback.
From a sub-internal intraday bias and perspective, price to react at 50% EQ or potentially strong internal high before targeting weak internal low.
An alternative potential scenario would be for price to print a bullish iiBOS which would then align both both swing and internal structure for price to target weak internal high.
M15 Chart:
XAU/USD 22 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's
Yesterdays Intraday expectation was for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with a blue dotted line. Price printed this.
Current intraday expectation is for price to react at either H4 or M15 POI. Price to then target weak internal high.
However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback.
M15 Chart:
XAU/USD 18-22 March 2024 Weekly AnalysisWeekly Analysis:
Bias remains unchanged from last week's analysis dated 10/03/2024
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Chart:
Daily Analysis:
Bias remains unchanged from last week's analysis dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Sub-internal structure is denoted in red.
Most likely scenario is for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback.
Daily Chart:
H4 Analysis:
Analysis/bias remains unchanged from last Friday's analysis dated 15/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
XAU/USD 12 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays post dated 11/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Due to the size of the internal range I have plotted sub-internal structure which is denoted in red.
50% EQ of the internal range is also denoted in red.
Price has printed a bearish CHoCH and bearish iCHoCH which indicates, but not confirms, that pullback is underway.
Intraday expectation is for price to continue bearish, react at M15 POI before targeting weak internal high.
However, it would be useful to remember that all HTF's are requiring a pullback.
M15 Chart:
XAU/USD 11 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
XAU/USD 11 - 15 March 2024 Weekly AnalysisWeekly Analysis:
Bias remains unchanged from last week's analysis dated 03/03/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Sub-internal structure is denoted in red.
Most likely scenario is for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart: