XAU/USD 10 May 2024 Intraday Analysis

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H4 Analysis:

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

Price has printed a bullish BOS.

After bullish BOS expectation is for price to pullback.

We have nested Daily and H4 supply levels where price is expected to initiate pullback.

CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.

Intraday expectation: Price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase.

H4 Chart: syot kilat

M15 Analysis:

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

Price has printed a printed a bullish BOS and iBOS

After BOS we expect price to pullback.

First indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dotted line.

Intraday expectation: Price to react at nested Daily and H4 POI levels to initiate pullback.

M15 Chart: syot kilat

Penafian

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