XAU/USD 12 Feb 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges.
Expectation remains as H4 analysis, for price to continue to trade bearish to target weak internal low.
H4: Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS.
Intraday expectation -Price to target weak internal low at 2001.895.
M15 Chart:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges.
Expectation remains as H4 analysis, for price to continue to trade bearish to target weak internal low.
H4: Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS.
Intraday expectation -Price to target weak internal low at 2001.895.
M15 Chart:
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