XAU/USD 24 June 2024 Weekly Analysis
H4 Analysis:
Analysis/Bias remains the same as yesterday's weekly analysis dated 23 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Intraday expectation: Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS aligning itself with H4 internal structure.
Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS.
Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low.
M15 Chart:
Analysis/Bias remains the same as yesterday's weekly analysis dated 23 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Intraday expectation: Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS aligning itself with H4 internal structure.
Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS.
Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low.
M15 Chart:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.