XAU/USD 26 September 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as yesterday's analysis dated 25 September 2024
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as yesterday's analysis dated 25 September 2024
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
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