Weekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Analysis and bias remains the same as analysis dated 16 March 2025.
In my analysis dated 27 October 2024 I mentioned (below) that price could potentially print higher in order to reposition CHoCH. This is exactly how price printed. CHoCH positioning has been brought significantly closer to current price action.
The remainder of my analysis and bias remains the same as analysis dated 09 February 2025.
Price has printed a further bullish iBOS.
Price is currently trading within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had repositioned previous CHoCH much closer to recent price levels as expected for weeks. Current CHoCH positioning is quite a distance away from price, therefore, it would be viable if price continued bullish to reposition CHOCH.
Note:
It is highly unlikely price will "crash" as many analysts are predicting. My view is this is merely a corrective wave of the primary trend.
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
Weekly Chart:
Daily Analysis:
Swing -> Bullish.
Internal -> Bullish.
Price continued bullish repositioning bearish CHoCH positioning closer to current price action.
Price is now trading within an internal low and fractal high.
Expectation is for price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty and the repricing of Gold.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 21 March 2025.
Price has printed a bearish CHoCH following printing further all time highs.
Price is now trading within an established internal range. I will however continue to monitor price.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or nested Daily and H4 demand levels before targeting weak internal high priced at 3,057.590.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Analysis and bias remains the same as analysis dated 16 March 2025.
In my analysis dated 27 October 2024 I mentioned (below) that price could potentially print higher in order to reposition CHoCH. This is exactly how price printed. CHoCH positioning has been brought significantly closer to current price action.
The remainder of my analysis and bias remains the same as analysis dated 09 February 2025.
Price has printed a further bullish iBOS.
Price is currently trading within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had repositioned previous CHoCH much closer to recent price levels as expected for weeks. Current CHoCH positioning is quite a distance away from price, therefore, it would be viable if price continued bullish to reposition CHOCH.
Note:
It is highly unlikely price will "crash" as many analysts are predicting. My view is this is merely a corrective wave of the primary trend.
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
Weekly Chart:
Daily Analysis:
Swing -> Bullish.
Internal -> Bullish.
Price continued bullish repositioning bearish CHoCH positioning closer to current price action.
Price is now trading within an internal low and fractal high.
Expectation is for price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty and the repricing of Gold.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 21 March 2025.
Price has printed a bearish CHoCH following printing further all time highs.
Price is now trading within an established internal range. I will however continue to monitor price.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or nested Daily and H4 demand levels before targeting weak internal high priced at 3,057.590.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
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.
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.