XAU/USD 30 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally continues, driven by the Fed’s dovish tone and escalating geopolitical tensions, further reinforcing its safe-haven appeal.
Price has printed a bullish iBOS, positioning it within an internal low and a fractal high, with the bearish CHoCH level denoted by a blue dotted line.
Intraday Expectation: Since the internal range has yet to establish, I’ll remain on standby for now.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
As noted in the weekly analysis from 27 October 2024, the daily timeframe’s CHoCH positioning was distant, making it likely for both H4 and M15 to print bullish iBOS, which has since materialised.
Price has now printed two bullish iBOS' within a significantly narrowed internal range, and we’re currently trading between an internal low and a fractal high, with CHoCH positioning marked by a blue dotted line.
Intraday Expectation: Technically, price is expected to react at the internal 50% EQ discount to target the weak internal high. However, a bearish iBOS is also plausible.
As emphasised before, price remains highly volatile due to ongoing geopolitical tensions and the Fed’s softer stance.
M15 Chart:
Xauusdintraday
XAU/USD 29 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 27 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal.
Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase.
Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation.
Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 28 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 27 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal.
Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase.
Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation.
Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 25 October 2024 Intraday AnalysisH4 Analysis:
Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase.
Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 24 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase.
Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also respond to nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase.
Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS.
As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance.
After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line.
Price is currently trading between an internal low and a fractal high.
Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase.
M15 Chart:
XAU/USD 22 Ocotober 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024.
Price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was met, with price targeting weak internal high.
However, internal structure bullish momentum was not sustained, as price printed an iBOS. This was expected, given that all higher timeframes (HTFs) are in need of a pullback.
Price has reacted from M15 supply level.
Intraday Expectation: Price is expected to target weak internal low.
M15 Chart:
XAU/USD 21 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024.
Price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge, driven by a softer stance from the Fed and increasing geopolitical tensions.
Since the last analysis, price has printed a BOS followed by a series of bullish iBOS’.
The internal range of iBOS has narrowed, with price now targeting the weak internal high after reacting from the M15 demand zone.
Intraday Expectation: Price is expected to target the weak internal high.
M15 Chart:
XAU/USD 14 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Bias remains the same as analysis dated 13 October 2024.
As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved.
Price is currently positioned in the premium above the 50% equilibrium (EQ).
Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following last week's bearish iBOS, price did not target weak internal low with price printing bullish iBOS.
This is in line with H4 bullish pullback phase.
We are now trading within an internal low and fractal high.
Should price print bearish CHoCH we would have a confirmed internal range which will be significantly narrower than previous internal ranges.
Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of bearish pullback phase. Bearish CHoCH positioning is marked with a blue dotted line.
Systematically price should either react at discount of 50% EQ or M15 demand level to target weak internal high, however, due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surpised if price printed a bearish iBOS.
M15 Analysis:
XAU/USD 11 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as analysis dated 09 October 2024.
Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 10 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024.
Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 09 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS.
We are now trading between an internal high and fractal low.
CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price.
Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS.
We are now trading between an internal high and fractal low.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line.
Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low.
M15 Chart:
XAU/USD 08 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 October 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low.
Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase.
Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone.
Intraday Expectation: Price is expected to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's analysis (07 October 2024) mentioned the alternative scenario, where I noted that given the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum would likely be short-lived, and price could potentially print a bearish iBOS.
Price has now printed a bearish iBOS, which was expected as the H4 timeframe remains in a bearish pullback phase.
Intraday Expectation: After the iBOS, we anticipate a pullback. CHoCH positioning is marked by a blue dotted line. Price could potentially print a new low, bringing CHoCH positioning closer to the current price. This has occurred whilst I was preparing analysis. CHoCH is now closer to current price action.
M15 Chart:
XAU/USD 04 October 2024 Intraday AnalysisH4 Analysis:
intraday expectation remains unchanged from yesterday's analysis (02 October 2024).
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low.
Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase.
Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ).
Intraday Expectation: The expectation is for price to target a weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price did not meet yesterday's intraday expectation, as the internal structure flipped from bearish to bullish, with the price printing a bullish Internal Break of Structure (iBOS).
A bearish Change of Character (CHoCH) has been printed, indicating the initiation of a bearish pullback phase, and an internal range has been established.
It is expected that the price will trade down to the premium zone of the 50% internal equilibrium (EQ) or the M15 demand zone.
Intraday Expectation: Technically, the price is expected to target the weak internal high.
Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived.
With rising geopolitical tensions, coupled with a dovish stance from the Fed, Gold is expected to remain highly volatile in the short term.
M15 Chart:
XAU/USD 03 October 2024 Intraday AnalysisH4 Analysis:
intraday expectation remains unchanged from yesterday's analysis (02 October 2024).
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low.
Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase.
Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ).
Intraday Expectation: The expectation is for price to target a weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS).
As previously mentioned, price action remains erratic, driven by ongoing macroeconomic data and heightened geopolitical tensions.
Since last analysis, price has printed a double bearish iBOS, aligning with the H4 bearish pullback phase as expected.
An internal range has been established, with the price reacting from the extreme high of this range.
Intraday Expectation: The price is expected to target a weak internal low.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term.
M15 Chart:
XAU/USD 02 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low.
Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase.
Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ).
Intraday Expectation: The expectation is for price to target a weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
The price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS).
As previously noted, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions.
Since the last analysis, the price printed a double bullish iBOS, likely driven by the escalation of geopolitical tensions.
The price has also printed a bearish Change of Character (CHoCH), suggesting, but not confirming the initiation of a bearish pullback phase.
Currently, price is positioned at the extreme of a strong internal low, with wicks into this level but no decisive close below.
Intraday Expectation: The price is expected to target a weak internal high. However, caution is advised, as the H4 timeframe has confirmed the swing pullback phase with a bearish iBOS, which could limit further upside momentum.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term.
M15 Chart:
XAU/USD 01 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
The price has continued its surge, reaching all-time highs with minimal pullbacks.
The bearish swing pullback phase has now been confirmed by a bearish Internal Break of Structure (iBOS), which also establishes the swing range. Currently, we are trading between the swing high and the fractal low.
In yesterday's analysis, I noted that the internal range had narrowed significantly, allowing the price to confirm the swing pullback phase by printing the bearish iBOS. This is now reflected in the price action.
Intraday Expectation: We expect the initiation of a bullish pullback phase, indicated by a bullish Change of Character (CHoCH), denoted with a blue dotted line. However, since the bullish CHoCH is positioned in the premium zone, confirmation of the internal low will only occur if the price retraces to the 50% equilibrium (EQ).
H4 Chart:
M15 Analysis:
Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS).
As previously mentioned, price action has been erratic due to ongoing macroeconomic data and heightened geopolitical tensions.
Since the last analysis, price printed another bearish iBOS, followed by a bullish iBOS after reacting from an M15 demand zone.
Recent bearish Change of Character (CHoCH) suggests the potential initiation of a bearish pullback phase, though this is not confirmation but an indication. I will closely monitor this as the CHoCH positioning is near the internal high, requiring discretionary judgement.
Intraday Expectation: Price is expected to target the 50% equilibrium or the M15 supply zone before aiming for a weak internal high.
It's important to remain cautious, as the H4 timeframe has confirmed swing pullback phase with a bearish iBOS, which may limit upside momentum.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term.
M15 Chart:
XAU/USD 30 September 2024 Intraday AnalysisH4 Analysis:
Intraday analysis/bias remains the same as yesterday's analysis dated 29 September 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge in price printing all time highs with price pulling back very minimally.
Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range.
You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish.
Although price has tapped in to strong internal low, price has been unable to close below
Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic if price prints a bearish iBOS.
H4 Chart:
M15 analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Last week's intraday expectation (27 September 2024): In my previous analysis, I mentioned an alternative scenario where, due to all higher time frames (HTFs) requiring a pullback, it would not be surprising if the price printed a bearish Internal Break of Structure (iBOS). This is exactly what transpired, with the price printing a bearish iBOS.
This marks the first bearish iBOS since 18 September 2024, confirming the swing structure.
Following the bearish iBOS, the price has now printed a bullish Change of Character (CHoCH), indicating a potential shift in momentum. Currently, the price is contained within an internal range and is trading in the premium zone above the 50% equilibrium (EQ) of that range.
Intraday Expectation: The price is expected to react at the M15 supply level before potentially targeting a weak internal low.
With rising geopolitical tensions, Gold is likely to remain highly volatile in the near term.
M15 Chart:
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs with price pulling back very minimally.
Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range.
You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish.
Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Intraday expectation was met with price printing bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS.
M15 Chart:
XAU/USD 26 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as yesterday's analysis dated 25 September 2024
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 24 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action.
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback by printing bearish CHoCH, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
*CORRECTION* - I overlooked yesterday's analysis stating internal was bearish when it was in fact bullish.
Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS.
Price is now contained within an internal range and is positioned at the extreme of the strong internal low of internal 50% EQ and M15 demand zone.
Currently strong internal low is holding.
Intraday expectation: Technically price should target weak internal high.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart:
XAU/USD 23 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action.
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a double bullish iBOS since last analysis.
Internal range is now established since price has printed a bearish CHoCH indicating bearing pullback phase initiation.
Intraday expectation: Price to continue bearish and react at either discount of internal 50% EQ of M15 demand zone before targeting weak internal high.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart: