Khan_YIK

XAU/USD 14 Feb 2024 Intraday Analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
H4 Analysis:

-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.

As per previous analysis price did target weak internal low.

Internal structure remains bearish.

Price has printed a further bearish iBOS.

Expectation is for price to react at a POI, which price currently is reacting to Daily and H4 nested demand levels.

Bullish CHoCH, indicated by vertical dotted line will be first structural indication, but not confirmation, that pullback is underway.

Expectation is for price to print bullish pullback and react at H4 POI.

H4 Chart:
M15 Analysis:

-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bearish.
-> Has reached EQ.

Price has printed a bearish iBOS, as per previous analysis, price did target weak internal low where we are now seeing a bullish reaction to nested Daily and H4 POI's.

Intraday expectation of previous analysis was for price to target weak internal low at 2001.895, therefore, expectation was reached.

Current intraday expectation is for price to print bullish iBOS to confirm pullback following H4 and M15 bearish iBOS is underway.

M15 Chart:
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