XAU/USD 01 March 2024 Intraday Analysis
H4 Analysis:
Expectation remains the same as per analysis yesterday (29/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
Price indicates that we are still in the bullish pullback phase of the bearish iBOS
Current expectation is for price to react at H4 POI before targeting weak internal low.
First sign of completion of pullback would be bearish CHoCH which is marked by a red dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal range established.
Bearish CHoCH indicates that bearish pullback could be underway.
Intraday expectation is for price to continue bearish, react at M15 POI before price continuing bullish to target weak internal high.
M15 Chart:
Expectation remains the same as per analysis yesterday (29/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
Price indicates that we are still in the bullish pullback phase of the bearish iBOS
Current expectation is for price to react at H4 POI before targeting weak internal low.
First sign of completion of pullback would be bearish CHoCH which is marked by a red dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal range established.
Bearish CHoCH indicates that bearish pullback could be underway.
Intraday expectation is for price to continue bearish, react at M15 POI before price continuing bullish to target weak internal high.
M15 Chart:
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