XAU/USD 28 June 2024 Intraday Analysis
H4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 27 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone.
Nonetheless, internal structure remains bearish until strong internal high is taken out.
Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a series of bullish iBOS' and price has now aligned itself with swing structure
Price has reacted from discount zone of 50% EQ.
Intraday expectation: Price to target weak internal high.
M15 Chart:
Analysis/Bias remains the same as yesterday's analysis dated 27 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone.
Nonetheless, internal structure remains bearish until strong internal high is taken out.
Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a series of bullish iBOS' and price has now aligned itself with swing structure
Price has reacted from discount zone of 50% EQ.
Intraday expectation: Price to target weak internal high.
M15 Chart:
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