XAU/USD 06 May 2025 Intraday Analysis

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H4 Analysis:

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

Analysis and bias remains the same as analysis dated 23 April 2025

Price has now printed a bearish CHoCH according to my analysis yesterday.

Price is now trading within an established internal range.

Intraday Expectation:

Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.

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: snapshot

M15 Analysis:

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

Price did not print according to previous analysis by failing to target weak internal low.

Price has now printed a bullish iBOS. This is potentially due to the fact that H4 TF was in a bearish pullback phase and reacted at discount of 50% internal EQ which could mean that H4 TF bearish pullback phase is now over and targeting the weak internal high, which is mentioned in H4 analysis.

Price has also printed a bearish CHoCH which indicates, but not confirms bearish pullback phase initiation.

Price is now trading within an established internal range, however, I will continue to monitor depth of pullback.

Intraday Expectation:

Price to trade down to either discount of internal 50% EQ, or M15 supply zones before targeting weak internal high priced at

Note:

With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.

Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws.

M15 Chart: snapshot

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