Khan_YIK

XAU/USD 06 Feb 2024 Intraday Analysis

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

Expectation remains as H4 analysis dated 05/02/2024, for price to continue to trade bearish to target weak internal low.


H4 Chart:
M15 Analysis:

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

Following swing BOS price very aggressively pushed to the upside.

Price has printed a bullish iBOS where we are now in the pullback phase.

Sub-structure to internal structure, which is marked in red has now printed a bullish iiBOS.

Intraday expectation is for price to target weak internal high.

M15 Chart:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.