XAU/USD 17 January 2025 Intraday Analysis
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price has finally printed a bullish iBOS in accordance with scenario one of my analysis dated 16 December 2024.
Price Action Analysis:
After bullish iBOS, we expect bearish pullback. First indication, but not confirmation of bearish pullback phase initiation is for price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line.
Price is now trading within an internal low and fractal high.
Intraday Expectation:
Price to indicate bearish pullback phase initiation by printing bearish CHoCH. This would also establish internal structure.
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.
Price Action Analysis:
Price has printed a further bullish iBOS.
Within the sub-structure there is further bullish iBOS, however, price did not pullback deep enough to warrant a bullish iBOS. I will therefore apply my discretion, which may need a revisit.
H4 TF has printed a bullish iBOS and it appears bearish pullback phase initiation is underway, however, we currently do not have any indication, or confirmation.
Current internal low and H4 TF CHoCH positioning are the same, priced at 2,690.050, therefore, despite M15 internal range dynamics being bullish, it is highly likely price will print a bearish iBOS
Intraday Expectation:
Technically, price should show reaction at either discount of 50% internal EQ, or M15 demand zone before targeting weak internal high priced at 2,724.785, however, the above mentioned scenario is also highly probable to assist H4 in it's bearish pullback phase.
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.
Price has finally printed a bullish iBOS in accordance with scenario one of my analysis dated 16 December 2024.
Price Action Analysis:
After bullish iBOS, we expect bearish pullback. First indication, but not confirmation of bearish pullback phase initiation is for price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line.
Price is now trading within an internal low and fractal high.
Intraday Expectation:
Price to indicate bearish pullback phase initiation by printing bearish CHoCH. This would also establish internal structure.
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.
Price Action Analysis:
Price has printed a further bullish iBOS.
Within the sub-structure there is further bullish iBOS, however, price did not pullback deep enough to warrant a bullish iBOS. I will therefore apply my discretion, which may need a revisit.
H4 TF has printed a bullish iBOS and it appears bearish pullback phase initiation is underway, however, we currently do not have any indication, or confirmation.
Current internal low and H4 TF CHoCH positioning are the same, priced at 2,690.050, therefore, despite M15 internal range dynamics being bullish, it is highly likely price will print a bearish iBOS
Intraday Expectation:
Technically, price should show reaction at either discount of 50% internal EQ, or M15 demand zone before targeting weak internal high priced at 2,724.785, however, the above mentioned scenario is also highly probable to assist H4 in it's bearish pullback phase.
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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