XAU/USD 22 Jan 2024 Intraday Analysis
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ.
Expectation is for price to continue to trade bearish to target weak internal low.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ.
Expectation is for price to continue to trade bearish to target weak internal low.
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