XAU/USD 24 Jan 2024 Intraday Analysis
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is now bullish.
Price could potentially continue bullish, react at H4 supply level to continue bearish.
Price is currently trading sideways between sub-internal structure
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red.
Internal structure traded past 50% EQ where we saw a reaction at premium. Sub-internal structure is now bullish.
Price could potentially continue bullish, react at H4 supply level to continue bearish.
Price is currently trading sideways between sub-internal structure
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