XAU/USD 12 April 2024 Intraday Analysis
H4 Analysis:
-> 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.
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.
Gold continues its exponential bullish run with no clear signs of slowing down.
Price has printed a double bullish iBOS, the latter being a smaller range which has brought the internal low significantly closer allowing a more realistic probability of price confirming a pullback as opposed to previous internal lows which had a significantly larger range.
Current intraday expectation would be for price to continue to print highs, alternatively, price could potentially print bearish CHoCH, react at either 50% or M15 POI to target internal high.
M15 Chart:
-> 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.
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.
Gold continues its exponential bullish run with no clear signs of slowing down.
Price has printed a double bullish iBOS, the latter being a smaller range which has brought the internal low significantly closer allowing a more realistic probability of price confirming a pullback as opposed to previous internal lows which had a significantly larger range.
Current intraday expectation would be for price to continue to print highs, alternatively, price could potentially print bearish CHoCH, react at either 50% or M15 POI to target internal high.
M15 Chart:
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