XAU/USD 15 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
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: Bearish.
Analysis and intraday expectation remain the same as yesterday's analysis dated 14 January 2025.
Price Action Analysis:
Yesterday's Intraday expectation was not met with price failing to target weak internal high, printing a bearish iBOS. Internal structure has now aligned itself with swing structure.
This could potentially be an early indication that both Daily and H4 pullback phases are incomplete. It would also be useful to remember that Weekly TF remains in its bearish pullback phase.
Price subsequently printed a bullish CHoCH thereby confirming internal range and indication of bullish pullback phase initiation.
Intraday Expectation:
Price has yet to trade in to premium of internal 50% EQ or M15 supply zone. Expectation is for price to target weak internal low, priced at 2,656.880.
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:
