XAU/USD 30 April 2024 Intraday Analysis

H4 Analysis:

-> Swing: Bullish.
-> Internal: Bullish.

Price has now printed a bullish iBOS aligned with swing structure.

Following bullish iBOS we expect price to pullback.

Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.

Intraday expectation: Price to target weak internal high, however, all HTF's are requiring a pullback.

H4 Chart: snapshot

M15 Analysis:

-> Swing: Bullish.
-> Internal: Bearish.

Price has printed a bearish iBOS.

Following bullish iBOS price is expected to pullback.

I have reviewed swing and internal structure due to extensive range of swing structure.

Intraday expectation: Following bearish iBOS await for price to pullback. Once price prints a bearish CHoCH the internal range will be established. Price to then target weak internal low.

M15 Chart: snapshot

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