XAU/USD 23 January 2025 Intraday Analysis
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 21 January 2025, however, CHoCH positioning has changed, bringing it closer to current price action.
Previous analysis has been met. Following price printing bearish CHoCH, price has printed a further bullish iBOS. This has significantly narrowed the internal range.
Price did not trade into either discount of 50% or H4 demand zone before targeting weak internal high, however, on this occasion I will remain systematic in my approach and revisit later.
Intraday Expectation:
Price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. Bearish CHoCH positioning is denoted with s blue dotted line.
It would be useful to remember that Daily TF swing and internal range are bullish.
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.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
As per yesterday's analysis, price printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation, however, you will note I have marked the bearish CHoCH and bullish BOS in red. This is because pullback depth was not sufficient as price did not retrace to either discount (or anywhere near) of 50% EQ or M15 demand zone, therefore, I will monitor and continue to reevaluate as price prints.
Price has printed a higher high with a further bearish CHoCH.
We are now trading within an established internal structure which I will continue to evaluate.
Intraday Expectation:
Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high priced at 2,763.435
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.
M15 Chart:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 21 January 2025, however, CHoCH positioning has changed, bringing it closer to current price action.
Previous analysis has been met. Following price printing bearish CHoCH, price has printed a further bullish iBOS. This has significantly narrowed the internal range.
Price did not trade into either discount of 50% or H4 demand zone before targeting weak internal high, however, on this occasion I will remain systematic in my approach and revisit later.
Intraday Expectation:
Price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. Bearish CHoCH positioning is denoted with s blue dotted line.
It would be useful to remember that Daily TF swing and internal range are bullish.
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.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
As per yesterday's analysis, price printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation, however, you will note I have marked the bearish CHoCH and bullish BOS in red. This is because pullback depth was not sufficient as price did not retrace to either discount (or anywhere near) of 50% EQ or M15 demand zone, therefore, I will monitor and continue to reevaluate as price prints.
Price has printed a higher high with a further bearish CHoCH.
We are now trading within an established internal structure which I will continue to evaluate.
Intraday Expectation:
Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high priced at 2,763.435
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.
M15 Chart:
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