Daily XAUUSD analysis, 28 Aug 2024.
- Sweep of LQ from both sides.
- Price at the extreme of the INT leg.
- We should see 4H bearish CHoCH to confirm the bearishness.
- If the price continues bullish, we will follow the OF.
- And if it did the bearish CHoCH as expected, we have a very long trip to the downside.
4H:
- The Price is in the extreme swing range.
Now we should see the INT weak low to be taken IF the new swing 15M leg is going to start as a 4H swing pullback phase.
15M:
- Price at the extreme of the INT leg.
- We should see 4H bearish CHoCH to confirm the bearishness.
- If the price continues bullish, we will follow the OF.
- And if it did the bearish CHoCH as expected, we have a very long trip to the downside.
4H:
- The Price is in the extreme swing range.
Now we should see the INT weak low to be taken IF the new swing 15M leg is going to start as a 4H swing pullback phase.
15M:
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