XAU/USD 03 June 2024 Intraday Analysis
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms swing pullback initiation.
After iBOS price is expected to pull back.
First indication, but not confirmation of internal pullback initiation will be a bullish CHoCH which is denoted with a blue dotted line.
Price is currently trading within an internal high and fractal low.
We have a nested Daily and H4 demand zone where price is reacting from.
Intraday expectation: Price to pullback and print bullish CHoCH which is denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a series of bearish iBOS'
After iBOS price is expected to pullback, which is currently underway.
Price is now contained within an internal range and approaching an M15 supply zone and strong internal high.
Intraday expectation: Price to react at M15 supply zone before targeting weak internal low.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms swing pullback initiation.
After iBOS price is expected to pull back.
First indication, but not confirmation of internal pullback initiation will be a bullish CHoCH which is denoted with a blue dotted line.
Price is currently trading within an internal high and fractal low.
We have a nested Daily and H4 demand zone where price is reacting from.
Intraday expectation: Price to pullback and print bullish CHoCH which is denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a series of bearish iBOS'
After iBOS price is expected to pullback, which is currently underway.
Price is now contained within an internal range and approaching an M15 supply zone and strong internal high.
Intraday expectation: Price to react at M15 supply zone before targeting weak internal low.
M15 Chart:
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