XAU/USD 01 Fed 2024 Intraday Analysis
H4:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish
Price has reacted to Daily and H4 nested supply levels where we saw a reaction within premium zone of the internal structure.
Expectation remains as yesterday's analysis, for price to continue to trade bearish to target weak internal low.
H4:
M15:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bearish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red where price has now printed a bullish iiBOS.
Yesterday's Fed news regarding holding interest rates did little to affect price action which remains contained within sub-internal structure
Price is currently once again reacting to 50% EQ of the sub-internal range.
Expectation remains the same, for price to target weak internal low.
M15:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish
Price has reacted to Daily and H4 nested supply levels where we saw a reaction within premium zone of the internal structure.
Expectation remains as yesterday's analysis, for price to continue to trade bearish to target weak internal low.
H4:
M15:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bearish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red where price has now printed a bullish iiBOS.
Yesterday's Fed news regarding holding interest rates did little to affect price action which remains contained within sub-internal structure
Price is currently once again reacting to 50% EQ of the sub-internal range.
Expectation remains the same, for price to target weak internal low.
M15:
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