H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bearish CHoCH confirming internal range, however, I will continue to monitor.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ or nested Daily and H4 demand zones before targeting weak internal high priced at 3,045.310.
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.
Again, since yesterday's analysis, price has continued to surge to new all time highs, largely fuelled by geopolitical tensions. Gold is solidifying itself as a safe haven asset.
Price has printed a further bullish iBOS followed by a bearish CHoCH to confirm internal structure.
Intraday Expectation:
Price has traded down to discount of 50% internal EQ and nearly mitigated M15 demand zone. Technically price should target weak internal high priced at 3,045.410.
Alternative scenario:
You will note internal range has significantly narrowed. All HTF's require a pullback, therefore, it would be completely viable if price printed a bearish iBOS.
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: Bullish.
-> Internal: Bullish.
Price has now printed a bearish CHoCH confirming internal range, however, I will continue to monitor.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ or nested Daily and H4 demand zones before targeting weak internal high priced at 3,045.310.
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.
Again, since yesterday's analysis, price has continued to surge to new all time highs, largely fuelled by geopolitical tensions. Gold is solidifying itself as a safe haven asset.
Price has printed a further bullish iBOS followed by a bearish CHoCH to confirm internal structure.
Intraday Expectation:
Price has traded down to discount of 50% internal EQ and nearly mitigated M15 demand zone. Technically price should target weak internal high priced at 3,045.410.
Alternative scenario:
You will note internal range has significantly narrowed. All HTF's require a pullback, therefore, it would be completely viable if price printed a bearish iBOS.
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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Related publications
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.