Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price is now trading within a fractal high and low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish. -> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs with no structure to the upside. We are now trading within a fractal high and low.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
Intraday expectation would be for price to pull back following iBOS.
Another likely scenario is price to continue bullish and keep printing all time highs!