XAU/USD 15 April 2024 Intraday Analysis
H4 analysis:
Analysis/Bias remains the same as yesterday's weekly analysis dated 14 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run and continues to print all time highs.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Price has now printed a bearish CHoCH.
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: Bearish.
Price has now printed a bearish iBOS which confirms M15 internal structure has switched bearish as all HTF's require a pullback.
Current intraday expectation would be for price react at 50% EQ or H4, M15 POI before targeting weak internal low.
M15 Chart:
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