Khan_YIK

XAU/USD 09 Feb 2024 Intraday Analysis

OANDA:XAUUSD   Złoto / Dolar USA
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 08/02/2024, for price to continue to trade bearish to target weak internal low.

H4 Chart:
M15 Analysis:

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

Following swing BOS price very aggressively pushed to the upside.

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

Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS.

Price tapped into M15 POI (as shown on chart) where we saw a bullish reaction.

Intraday expectation remains the same. Price to target weak internal low at 2001.895

M15 Chart:

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