XAU/USD 31 January 2025 Intraday Analysis

H4 Analysis:

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

Price has finally printed a bullish iBOS followed by bullish BOS according, and in-line with previous analysis.

Price has printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation.

Price is now trading within an established internal range, however, I will continue to monitor this due to CHoCH positioning so close to recent price action.

Intraday Expectation:

Price to continue bearish to complete it's pullback phase. Technically price should trade down to either discount of internal 50% EQ or H4 demand zone before targeting weak internal high priced at 2,801.010.

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.

Analysis/Bias was accurate with price targeting weak internal high.

Price is now trading within an established internal range, however, I will continue to monitor as price has previously printed a bearish CHoCH and continue higher with very minimal pullback.

Intraday Expectation:
Price to continue bearish, react at either discount of internal 50% EQ, or H4/M15 demand zone before targeting weak internal high priced at 2,801.010.

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: