Daily XAUUSD update, 2 Aug 2024.
-OF is Bullish.
Price mitigated the weekly demand area below the EQ and shifted to bullish.
Now we expect the price to take off the weak INT daily high.
D:
- The price could initiate the pullback immediately, and continue bullish until it takes the Swing weak high.
Confirmations from LTF.
4H:
- After swing BOS we expect a swing pullback.
- INT structure is bullish, Swing pullback phase has not started yet.
So we can keep following the bullish OF.
15M:
Price mitigated the weekly demand area below the EQ and shifted to bullish.
Now we expect the price to take off the weak INT daily high.
D:
- The price could initiate the pullback immediately, and continue bullish until it takes the Swing weak high.
Confirmations from LTF.
4H:
- After swing BOS we expect a swing pullback.
- INT structure is bullish, Swing pullback phase has not started yet.
So we can keep following the bullish OF.
15M:
Penafian
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