H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bearish CHoCH as mentioned on various occasions in previous analysis. This is the first indication, but not confirmation, of bearish pullback phase initiation. I will however continue to monitor price.
Intraday Expectation:
Price to continue bearish, react at either discount of internal 50% EQ or H4 demand zone before targeting weak internal high priced at 3,235.845.
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: Bearish.
Price printed as per my alternative scenario in yesterday's analysis where I mentioned that due to the narrowing of the internal range, it could be a potential early signal that all HTF's are beginning their bearish pullback phase initiation. I would therefore not be surprised if price printed a bearish iBOS.
Price has printed a bearish iBOS.
Price has subsequently printed a bullish CHoCH to indicate bullish pullback phase initiation and has traded up to premium of internal 50% EQ.
Intraday Expectation:
Price has traded up to premium of internal 50% EQ and should technically target weak internal low priced at 3,193.630. However, price could also potentially trade up to mitigate M15 supply zone before targeting weak internal low.
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:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bearish CHoCH as mentioned on various occasions in previous analysis. This is the first indication, but not confirmation, of bearish pullback phase initiation. I will however continue to monitor price.
Intraday Expectation:
Price to continue bearish, react at either discount of internal 50% EQ or H4 demand zone before targeting weak internal high priced at 3,235.845.
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: Bearish.
Price printed as per my alternative scenario in yesterday's analysis where I mentioned that due to the narrowing of the internal range, it could be a potential early signal that all HTF's are beginning their bearish pullback phase initiation. I would therefore not be surprised if price printed a bearish iBOS.
Price has printed a bearish iBOS.
Price has subsequently printed a bullish CHoCH to indicate bullish pullback phase initiation and has traded up to premium of internal 50% EQ.
Intraday Expectation:
Price has traded up to premium of internal 50% EQ and should technically target weak internal low priced at 3,193.630. However, price could also potentially trade up to mitigate M15 supply zone before targeting weak internal low.
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:
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.