XAU/USD 16 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 Weekly and Daily 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: Bullish.
Price Action Analysis:
Recent Intraday expectation was not met with price failing to target weak internal low, by printing a bullish iBOS.
It would be noteworthy to remember that H4 and Daily TF internal structure is bullish.
Price has printed a bearish CHoCH to indicate, but not confirm, bearish pullback phase initiation.
Price seems to be targeting weak internal high, which, in my view, is premature, however, I will remain structured in my approach. At the time of preparing analysis M15 candle remains open.
Intraday Expectation:
Price has yet to trade in to discount of internal 50% EQ or M15 demand zone. Expectation is for price to target weak internal high, priced at 2,702.260
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:
