XAU/USD 25 November 2024 Intraday Analysis

H4 Analysis:

-> Swing: Bearish.
-> Internal: Bullish.

Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.

Currently, price is trading within an established internal range.

Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.

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: Bearish.

Price Action Analysis:
Intraday expectation analysis dated 22 November 2024 played out as price successfully printed a bullish iBOS in-line with bullish internal structure, however, price has now printed a bearish iBOS in-line with H4 TF undergoing a bearish pullback phase.

Price has yet to print a bullish Change of Character (CHoCH), which is crucial to establishing an internal range and indicating the initiation of bullish pullback phase. CHoCH positioning is marked with a blue dotted line.

Intraday Expectation:
Technically, price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase, trade up to either premium of internal 50% EQ or M15 supply zone before targeting weak internal high.

Alternative Scenario:
H4 Timeframe has indicated bearish pullback phase initiation by printing a bearish CHoCH, therefore, bearish momentum on M15 may be limited.

Note:
With the Federal Reserve's dovish policy stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders are advised to exercise caution and remain vigilant for potential whipsaws in this high-volatility environment.

M15 Chart: