XAU/USD 02 August 2024 Intraday Analysis
H4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
After BOS/iBOS price is expected to pullback.
Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligning itself with swing structure.
Price has reacted at H4 supply level to possibly initiate bearish pullback phase.
CHoCH line is denoted with a blue dotted line with price yet to print bearish CHoCH to indicate bearish pullback phase initiation.
Intraday expectation: Price to print bearish CHoCH, trade down to either discount of 50% EQ or M15 demand levels before targeting weak internal high.
Alternative scenario: Price to continue bullish to reposition CHOCH closer to current price action. To then trade down to discount of 50% EQ or M15 demand levels before targeting weak internal high.
M15 Chart:
Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
After BOS/iBOS price is expected to pullback.
Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligning itself with swing structure.
Price has reacted at H4 supply level to possibly initiate bearish pullback phase.
CHoCH line is denoted with a blue dotted line with price yet to print bearish CHoCH to indicate bearish pullback phase initiation.
Intraday expectation: Price to print bearish CHoCH, trade down to either discount of 50% EQ or M15 demand levels before targeting weak internal high.
Alternative scenario: Price to continue bullish to reposition CHOCH closer to current price action. To then trade down to discount of 50% EQ or M15 demand levels before targeting weak internal high.
M15 Chart:
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.