Analysis/Bias remains the same as analysis dated 07 March 2024.
Price has printed a bullish CHoCH according to analysis and bias dated 28 February 2025.
Price is currently trading within an established internal range. Intraday Expectation:
Price is now trading in premium of 50% internal EQ where we could see a reaction at any point. Price could also target H4 supply zone before targeting weak internal low, priced at 2,832.720
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:
M15 Analysis:
-> Swing: Bullish. -> Internal: Bullish.
Analysis and bias has not been met, largely due macroeconomic events, particularly the Trump trade tariff war, which is causing uncertainty within the markets which is supporting Gold price.
Price has printed a bullish iBOS.
Within the structure following the iBOS, price has printed a several bearish CHoCH's with very minimal pullbacks before continuing bullish.
In order not to distort internal structure range I will apply discretion and not classify bearish CHoCH without considerable pullback.
Intraday Expectation:
Await for price to print Bearish CHoCH which is supported by a pullback relative to recent price action. 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.
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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.