XAU/USD 25 Jan 2024 Intraday Analysis
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red where price has printed a bearish iiBOS in line with the internal structure as it is anticipated that price will target M15 internal low as per analysis since Monday this week.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
Sub-structure to internal structure is marked in red where price has printed a bearish iiBOS in line with the internal structure as it is anticipated that price will target M15 internal low as per analysis since Monday this week.
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