XAU/USD 25 April 2024 Intraday Expectation
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms the initiation of pullback needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
As per yesterday's intraday expectation, we were seeing a reaction to a H4 flip zone. Price continued to trade to the upside wicking out of the H4 flip zone possibly sweeping liquidity.
Price then printed a bearish CHoCH which confirmed the internal structure.
Intraday expectation: Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS
We are currently trading within an internal range with price stuck in between H4 supply and demand areas.
Price has printed a bearish CHoCH which indicates, but not confirms that pullback phase may be over.
Intraday expectation: Price to target weak internal low, however, price could potentially continue bullish, react from H4 or M15 supply level before targeting weak internal low.
M15 Chart:
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