Gold Volatility Skyrockets Amid Ongoing Global Tensions

Gold prices remain volatile due to ongoing tensions between the US, Israel, and Iran. The safe-haven demand for gold is elevated, making it a highly reactive asset in the current market environment.

The H4 analysis shows a bullish swing with a bearish internal bias. Despite this, price has not printed a bullish CHoCH, indicating that the bullish pullback phase may not have begun. The current price is trading within an established internal range, and it's expected to trade up to either the premium of the internal 50% EQ or the H4 demand zone before targeting the weak internal low at 3,942.10.

On the M15 chart, the analysis shows a bearish swing with a bearish internal bias. However, price has printed a bullish CHoCH, indicating that the bullish pullback phase may have initiated. The current price is trading within an established internal range, and it's expected to trade up to either the premium of the internal 50% EQ or the M15 demand zone before targeting the weak internal low at 4,110.87.