XAU/USDS 12 November 2024 Intraday Analysis

H4 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: