XAU/USD 23 Jan 2024 Intraday Analysis
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ.
Expectation remains as yesterday, for price to continue to trade bearish to target weak internal low.
Caution at H4 demand price has already reacted from there.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ.
Expectation remains as yesterday, for price to continue to trade bearish to target weak internal low.
Caution at H4 demand price has already reacted from there.
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