Khan_YIK

XAU/USD 16 Feb 2024 Intraday Analysis

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

Analysis/expectation remains the same as yesterday (15/02/2024)

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

Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.

Expectation is for price to continue bullish and react at H4 POI or 50% EQ.

H4 Chart:
M15 Analysis:

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

Price has printed a bullish iBOS indicating H4 bullish pullback has initiated.

Current intraday expectation remains the same as yesterday (15/02/2024) for price to continue bullish and react at nested H4 and M15 POI's.

M15 Chart:




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