XAU/USD H4 ANALYSIS
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure is bearish. After iBOS we expect pullback which is underway
Price is trading near extreme internal low and reacting at H4 POI.
Expectation is for price to target weak internal low priced at 2013.390.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure is bearish. After iBOS we expect pullback which is underway
Price is trading near extreme internal low and reacting at H4 POI.
Expectation is for price to target weak internal low priced at 2013.390.
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