XAU/USD 04 March 2024 Intraday Analysis

H4 Analysis:

Bias/Analysis is the same as yesterday's analysis (03/03/2024)

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


Price has printed a bullish sub-internal iiBOS and internal iBOS.

Most likely scenario would be for price to pull back which is the same for W and D1

Price has tapped into a H4 POI and reacted.

First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.

50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.

H4 Chart: 快照

M15 Analysis:

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

Price has printed a further bullish iBOS. Internal range established.

Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.

I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.

Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.

M15 Chart: 快照



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