Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
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.
Previous intraday analysis where I mentioned that 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 was how price printed.
Price has printed a further bearish iBOS.
We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone.
Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
עסקה פעילה
**CORRECTION**
price to target M15 supply zone, not demand zone as previously stated.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.