XAU/USD 15-19 Jan 2024 Daily analysis
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ. (internal continuation phase)
As price has reached 50% EQ there is a high probability price will target weak internal high.
Currently price has reached below the 50% (discount) and internal EQ buyers stepped in. Price printed a bullish CHoCH thereby confirming buyer interest.
Expectation: Price to target weak internal high. Current demand zone to be respected.
In the event the demand zone is not respected and price prints a bearish CHoCH (indicated) price will most likely target previous low.
-> Internal: Bullish.
-> Has reached EQ. (internal continuation phase)
As price has reached 50% EQ there is a high probability price will target weak internal high.
Currently price has reached below the 50% (discount) and internal EQ buyers stepped in. Price printed a bullish CHoCH thereby confirming buyer interest.
Expectation: Price to target weak internal high. Current demand zone to be respected.
In the event the demand zone is not respected and price prints a bearish CHoCH (indicated) price will most likely target previous low.
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