H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 04 April 2025.
Since last analysis price has printed a bearish CHoCH which is the first indication, but not confirmation of bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,187,835
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.
Price has printed as I mentioned in yesterday's analysis whereby I commented that it would be worthwhile to note that price could potentially print a bullish iBOS as H4 TF has printed a bullish reaction from discount of 50% EQ.
Price subsequently printed a bearish CHoCH, however, price quickly once again formed a higher high, therefore, I will apply discretion and not classify previous CHoCH in order not to distort internal structure as the move was most probably an outlier due to Trump announcing 90 day pause on tariffs.
Price has printed a further bearish CHoCH, however, I will continue to monitor price.
Price is now trading within an established internal range.
Intraday Expectation:
Price to continue bearish, react at either discount of 50% internal EQ, or M15 demand zone, of which one is well positioned at 50% of internal EQ, before targeting weak internal high priced at 3,132.630
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.
Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 04 April 2025.
Since last analysis price has printed a bearish CHoCH which is the first indication, but not confirmation of bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,187,835
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.
Price has printed as I mentioned in yesterday's analysis whereby I commented that it would be worthwhile to note that price could potentially print a bullish iBOS as H4 TF has printed a bullish reaction from discount of 50% EQ.
Price subsequently printed a bearish CHoCH, however, price quickly once again formed a higher high, therefore, I will apply discretion and not classify previous CHoCH in order not to distort internal structure as the move was most probably an outlier due to Trump announcing 90 day pause on tariffs.
Price has printed a further bearish CHoCH, however, I will continue to monitor price.
Price is now trading within an established internal range.
Intraday Expectation:
Price to continue bearish, react at either discount of 50% internal EQ, or M15 demand zone, of which one is well positioned at 50% of internal EQ, before targeting weak internal high priced at 3,132.630
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.
Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws.
M15 Chart:
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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.
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.