XAU/USD 25 October 2024 Intraday Analysis

H4 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: syot kilat

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: syot kilat
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