XAU/USD 23 Feb 2024 Intraday Analysis

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H4 Analysis:

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

Price has printed a bearish iBOS. Internal range established.

Bullish pullback currently underway indicated by bullish CHoCH.

Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.

Price to then continue bearish to target weak internal low.

H4 Chart: snapshot

M15 Analysis:

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

Price has printed a bearish iBOS. Internal range established.

Bullish pullback currently underway indicated by bullish CHoCH.

Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.

Price to then continue bearish to target weak internal low.

M15 Chart: snapshot

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