XAU/USD 20 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
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:
As stated in yesterday's analysis, I mentioned that it would not be surprising if price printed a bearish internal Break of Structure (iBOS). This expectation materialised; however, the bearish momentum was short-lived as price subsequently printed a bullish iBOS.
Price has now printed a bearish Change of Character (CHoCH), which allows us to establish an internal range. Currently, price is trading near the extreme of a strong internal low and has wicked into the M15 demand zone, showing a reaction.
Intraday Expectation:
Technically, price is expected to target the weak internal high at 2,641.940, reacting from the current M15 demand zone.
Alternative Scenario:
The H4 timeframe remains in a bullish pullback phase and is trading within the premium of its internal 50% equilibrium (EQ), where a reaction is observed. Consequently, it would not be surprising if the M15 timeframe printed a bearish iBOS.
Note:
With the Federal Reserve maintaining a dovish policy stance and geopolitical tensions persisting, Gold price volatility is expected to remain elevated. Traders should stay cautious and remain prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Xauusddailyanalysis
XAU/USD 19 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
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:
According to rules and a systematic process, price has printed a further bullish iBOS in-line with HTF bullish pullback phase.
Currently CHoCH positioning, which is denoted with a blue dotted line, and internal low are positioned close-by, therefore, price could print new highs to reposition CHoCH.
You will note the internal range has significantly narrowed. The printing of a bearish iBOS could potentially be an early signal that the H4 pullback phase has completed.
Intraday Expectation:
For today's session, we are looking for confirmation of a bearish pullback phase by price printing a bearish CHoCH. Bearish CHoCH positioning is currently marked with a blue dotted line.
Alternative scenario: H4 remains in bullish pullback phase and is currently trading in premium of 50% EQ where we could see a reaction, therefore, it would not surprise me if price printed a bearish iBOS on M15 TF.
Note:
With the Federal Reserve's dovish policy approach and rising geopolitical tensions, heightened volatility in Gold prices is expected to continue. Traders should remain cautious and prepared for potential whipsaws in price action.
M15 Chart:
XAU/USD 18 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
Analysis remains the same as analysis dated 12 November 2024.
Price has printed both a bearish Internal Break of Structure (iBOS) and a subsequent bearish Break of Structure (BOS), confirming the need for a pullback across all higher timeframes (HTFs).
Currently, price action remains in alignment with the broader pullback requirements.
Intraday Expectation
The expectation for the intraday session is that price will print a bullish Change of Character (CHoCH) to signify the initiation of a bullish pullback phase. The positioning of this bullish CHoCH is indicated by the blue dotted line on the chart.
However, it is also possible that price could extend to a new low, bringing the CHoCH positioning much closer to the current price action, setting the stage for a potential bullish reversal signal.
Note:
Given the Federal Reserve’s dovish stance and ongoing geopolitical uncertainties, heightened volatility in Gold prices is anticipated to persist. Traders should exercise caution and remain vigilant in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
The prior intraday expectation was invalidated as price printed a bullish Internal Break of Structure (iBOS), signaling a shift in internal order flow.
Following bullish iBOS, the next anticipated move is the printing of a bearish Change of Character (CHoCH), which would indicate the initiation of a bearish pullback phase. This CHoCH positioning is marked by a blue dotted line.
Intraday Expectation:
For today's session, we are looking for confirmation of a bearish pullback phase by price printing a bearish CHoCH. Bearish CHoCH positioning is marked with a blue dotted line
Alternative Scenario:
On the H4 timeframe, there are signs of a bullish pullback phase potentially developing, though there is no confirmation as of yet. In my view, the bullish momentum on the M15 timeframe is to assist the H4 timeframe in confirming its pullback phase.
Note:
With the Federal Reserve's dovish policy approach and rising geopolitical tensions, heightened volatility in Gold prices is expected to continue. Traders should remain cautious and prepared for potential whipsaws in price action.
M15 Chart:
XAU/USD 18-22 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks.
Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range.
Price is projected to move downward toward either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high.
Note:
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Weekly Chart:
Daily Analysis:
-> Swing -> Bullish.
-> Internal -> Bullish.
Price Action Analysis:
In my weekly analysis dated 27 October 2024, I forecasted that price could potentially make new highs, thereby shifting the bearish Change of Character (CHoCH) closer to recent price action. This repositioning would serve as a trigger for a bearish pullback phase initiation.
As anticipated, this scenario unfolded with CHoCH shifting nearer to the current price and ultimately printing a bearish CHoCH. Currently, price is trading within an established internal range (highlighted in blue), trading in the discount zone of the internal 50% Equilibrium (EQ) and approaching a Daily demand zone, where a reaction is likely.
Given the current internal range dynamics, price is expected to react upon reaching the Daily demand zone and could trade upward to target the daily internal high. However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS).
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Daily Chart:
H4 Analysis:
-> Swing -> Bearish.
-> Internal -> Bearish.
Price Action Analysis:
Analysis remains the same as previous bias from my analysis dated 12 November 2024.
Price has printed both a bearish Internal Break of Structure (iBOS) and a subsequent bearish Break of Structure (BOS), confirming the need for a pullback across all higher timeframes (HTFs).
Currently, price action remains in alignment with the broader HTF pullback requirements.
Intraday Expectation:
The expectation for the intraday session is that price will print a bullish Change of Character (CHoCH) to indicate the initiation of a bullish pullback phase. The positioning of this bullish CHoCH is indicated by the blue dotted line on the chart.
However, it is also possible that price could extend to a new low, bringing the CHoCH positioning much closer to the current price action.
Note:
Given the Federal Reserve’s dovish stance and ongoing geopolitical uncertainties, heightened volatility in Gold prices is anticipated to persist. We should exercise caution and remain vigilant in this high-volatility environment.
H4 Chart:
XAU/USD 15 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Following price has printing bearish iBOS, price has printed bullish CHoCH indicating bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 supply zone before targeting weak internal low priced at 2,536.896.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 14 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Previous intraday analysis where I mentioned that price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725 was how price printed.
Price has printed a further bearish iBOS.
We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone.
Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 13 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USDS 12 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 11 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 08 November 2024.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as analysis dated 8 November 2024. Note how price is failing to target weak internal high.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure.
Intraday Expectation: Price is anticipated to target the weak internal low.
Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile.
M15 Chart:
XAUUSD trade analysis
In the European market on Tuesday, spot gold maintained its intraday rebound trend, with the price of gold now trading at around $1,998 per ounce. Gold's bullish potential remains intact. Gold prices are gearing up for the next round of gains.
Additionally, ongoing geopolitical tensions between Hamas and Israel, as well as jitters ahead of the Federal Reserve's key interest rate decision, kept markets on edge. If the conflict in the Middle East intensifies, gold prices are expected to achieve a new round of upward trend.
If the price of gold is suppressed again at US$2,000 per ounce, the price of gold may retest US$1,990 per ounce; if it falls below this level, the price of gold may challenge the low of US$1,977 per ounce on October 27. The bottom line for gold buyers is expected to be static support at $1,963 an ounce.
(Gold) : Bearish Daily Chart Pattern Hello guys, I hope you're all doing well. As for the obvious downtrend chart pattern we have for gold, I think there are two possibilities:
1. The price will turn back up until the upper downtrend line and then return.
2. The price will continue falling until 1887.
In my opinion, if the price turns back upside, it won't have as much strength as if it falls. So if the second possibility happens (the possibility that is more acceptable for me), it will be much more powerful.
Keep in mind that the gold price is in a downtrend even in the weekly time frame.
Weekly time frame that I analyzed last week:
So from a long-term perspective, I still believe in bears.
May you all be PROFITABLE,
XAU NEAR FUTURE PREDICTIONS(DailyChart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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XAUUSD 20/09/2022Price facing recent support at 1667.16 while retesting the uptrendline & also price facing resistance at 1679.46. so if price break & closes above the resistance while respecting the support & uptrendline then price might continue to come up to the next resistance at 1691.67.
However if price breaks out of the support, that would also be a breakout of the uptrend which could lead price to come all the down to retest the key level at 1659.55 or retest the previous week low at 1653.85
XAUUSD 14/09/2022Gold after the bearish engulfing move from yesterday, formed a bit of structure with a recent resistance at 1708.53 & support at 1696.67. now we are looking for trades on the breakout of the structure. so if price respects the recent resistance & makes a breakout of the support at 1696.67 then price continue pushing down to next major support zone at 1681.93. similarly if price respects the support and makes a break & close above the resistance on 30 min tf then price might continue pushing up to the next resistance at 1719.63.
XAUUSD 09/09/2022Price facing strong price rejection from the resistance level at 1726.90 & currently retesting a recent support at 1718.21. so if price continues to respect the resistance at 1726.90 & breaks below the recent support at 1718.21 then it could continue coming down to retest the next support at 1713.78 & retest the uptrendline as well.