Khan_YIK

XAU/USD 05 March 2024 Intraday Analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
H4 Analysis:

Bias/Analysis remains the as yesterday's analysis (04/03/2024)

-> 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 following BOS'.

First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.

H4 Chart:
M15 Analysis:

-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.

Price has printed a further bullish iBOS.

We are now trading within a fractal range.

Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.

Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.

M15 chart:

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