XAU/USD 22 Jan 2024 Daily Analysis
-> Swing: Bullish.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS and is reacting to 50% EQ of the internal structure marked in green and daily demand zone.
Price is currently trading within internal high and fractal low.
Expectation: Price to target weak internal low. Current demand zone to be respected.
In the event price continues to trade bullish the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS and is reacting to 50% EQ of the internal structure marked in green and daily demand zone.
Price is currently trading within internal high and fractal low.
Expectation: Price to target weak internal low. Current demand zone to be respected.
In the event price continues to trade bullish the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow.
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