XAU/USD 04 March 2024 Intraday Analysis
H4 Analysis:
Bias/Analysis is the same as yesterday's analysis (03/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.
I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.
Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.
M15 Chart:
Bias/Analysis is the same as yesterday's analysis (03/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.
I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.
Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.
M15 Chart:
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