XAU/USD 05 March 2024 Intraday Analysis
H4 Analysis:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> 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 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> 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 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
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