Khan_YIK

XAU/USD 22 Jan 2024 Intraday Analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
-> 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.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.