XAU/USD 04 February 2025 Intraday Analysis

H4 Analysis:

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

Previous analysis was met with price targeting weak internal high, priced at 2,817.215.

Price has printed a further bullish iBOS.

CHoCH positioning and internal low are the same level.

Price is trading within an internal low and fractal high.

Should price trade down to discount of 50% EQ, I would be happy to mark internal high.

Intraday Expectation:

Price to continue bearish to either discount of 50% EQ, or H4 demand zone before targeting weak internal high priced at 2,830.755.

Price could also continue bullish to bring CHoCH positioning closer to recent price action.

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: Bullish.
-> Internal: Bullish.

Yesterday's intraday expectation was met with price targeting weak internal high priced at 2,817.215

Price has printed a further bullish iBOS followed by a bearish CHoCH to indicate, buit not confirm, bearish pullback phase initiation.

Price is now trading within an established internal range, however, I will continue to monitor price.

Intraday Expectation:
Price is expected to continue bearish to either discount of 50% EQ, or M15 demand zone, before targeting weak internal high, priced at 2,830.755

Alternative scenario:

As H4 remains in bearish pullback phase, it would be viable to consider price targeting strong internal low, priced at 2,722.215.

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.

M15 Chart: