Weekly XAUUSD analysis, 2 - 6 Sept 2024.
- Bearish daily CHoCH, the price failed to break the last high.
-The INT pullback phase should start now and we should expect shorts to lead.
D:
- There is no clear bearish break, the price keeps consolidating sideways.
- After any breakdown or up we should follow the OF.
-Confirmation from Lower Time Frame.
4H:
- INT structure is bearish.
.New 15M Swing leg phase. (4H swing pullback).
15M OUT:
- POI caused the break, we can wait for the price to return to this POI and wait for confirmation
to play long, or could continue without returning. (INT pullback phase).
15M IN:
-The INT pullback phase should start now and we should expect shorts to lead.
D:
- There is no clear bearish break, the price keeps consolidating sideways.
- After any breakdown or up we should follow the OF.
-Confirmation from Lower Time Frame.
4H:
- INT structure is bearish.
.New 15M Swing leg phase. (4H swing pullback).
15M OUT:
- POI caused the break, we can wait for the price to return to this POI and wait for confirmation
to play long, or could continue without returning. (INT pullback phase).
15M IN:
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