XAU/USD 26 March 2024 Intraday Analysis

H4 Analysis:

Bias/Analysis remains unchanged since last analysis dated 22/03/2024

-> Swing: Bullish.
-> Internal: Bullish.

Gold continues it's bullish run following the Fed's dovish outlook on interest rates.

Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.

Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.

As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway.

H4 Chart: スナップショット

M15 Analysis:

-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.

Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week.

Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's

Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this.

Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action.

Sub-internal structure has now switched bullish in-line with internal and swing structure.

Intraday expectation is for price to target weak internal high which is denoted by blue dashed line.

M15 Chart: スナップショット
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