XAU/USD 12 June 2024 Intraday Analysis
H4 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued to trade to the downside
Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase.
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.
Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low.
Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation.
Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bullish CHoCH which is indicative of bullish pullback initiation.
We are now trading within an internal high low.
Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low.
Bullish CHoCH has been printed.
Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low.
M15 Chart:
Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued to trade to the downside
Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase.
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.
Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low.
Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation.
Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bullish CHoCH which is indicative of bullish pullback initiation.
We are now trading within an internal high low.
Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low.
Bullish CHoCH has been printed.
Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low.
M15 Chart:
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