XAU/USD 10 April 2024 Intraday Analysis
H4 Analysis:
Bias/Analysis remains the same as yesterday's analysis dated 09 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action.
Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS.
Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range.
Current intraday expectation would be for price to target weak internal low of the sub-structure.
M15 Chart:
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