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XAU/USD 14 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/Bias remains the same as analysis dated 13 October 2024. As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved. Price is currently positioned in the premium above the 50% equilibrium (EQ). Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following last week's bearish iBOS, price did not target weak internal low with price printing bullish iBOS. This is in line with H4 bullish pullback phase. We are now trading within an internal low and fractal high. Should price print bearish CHoCH we would have a confirmed internal range which will be significantly narrower than previous internal ranges. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of bearish pullback phase. Bearish CHoCH positioning is marked with a blue dotted line. Systematically price should either react at discount of 50% EQ or M15 demand level to target weak internal high, however, due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surpised if price printed a bearish iBOS. M15 Analysis:
OANDA:XAUUSD
by Khan_YIK
Gold Trading: Thursday 12 Sept: Ideas, Trades! Hello Traders, I see that the Gold-price is currently getting bid up at the moment. Sometimes I wonder when I see this if its to protect the price a bit before it falls off a cliff. But we will see what impact the USDX tries to make. Yesterday we did not see it rally as much, yet the Vix Index did rally. That only aided the Short trade idea that I shared with you. Then some of us got Long in Gold as the Vix index cooled-down and buying demand was seen coming back in. The Gold-price for over 24 hours can be seen in the intraday charts to be moving in a triangle & room is running out and getting smaller, which for mind will probably cause some volatility. Speaking of volatility, the main economic news for the USA today Thursday are PPI & continuous jobless claims.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
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