XAU/USD 12 January 2026 Intraday Analysis

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H4 Analysis:

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

Price has printed according to my analysis dated 05 January 2026 where I mentioned price will continue bearish, react at either discount of 50% internal EQ, or H4 supply zone before targeting weak internal high priced at 4,550.150

Price is currently trading within an internal low and fractal high.

CHoCH positioning is denoted with a blue horizontal dotted line

Intraday expectation:

Price to continue bearish, react at either discount of 50% internal EQ, or H4 supply zone before targeting weak internal high priced at 4601.695.

Alternative scenario: Price to continue bullish in order to reposition CHoCH closer to more recent price action.

Note:
The Federal Reserve’s renewed easing cycle, alongside a weaker U.S. dollar and persistent geopolitical tensions, continues to drive volatility in the gold market.

Traders should remain cautious and adjust risk management strategies to navigate sharp price swings.

Additionally, gold pricing is highly sensitive to U.S. policy under President Trump, where tariff measures, fiscal uncertainty, and shifting geopolitical strategy amplify market repricing risks and reinforce safe‑haven demand.

H4 Chart: สแนปชอต

M15 Analysis:

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

Price did not print according to my analysis dated 05 January 2026 with price printing a bullish BOS.

Price is currently trading within a swing low and fractal high with CHoCH positioning denoted with a blue horizontal dotted line.

Intraday expectation:

Price to trade down to either M15 or H4 demand zone, or discount of 50% internal EQ before targeting weak internal low, priced at 4,610.695.

Alternative scenario: Price to continue bullish to reposition bearish CHoCH.

Note:

Gold continues to exhibit elevated volatility as markets digest the Federal Reserve’s ongoing dovish tilt and persistent global geopolitical tensions.

With uncertainty remaining a dominant theme across global risk assets, traders should prioritise disciplined risk management, as abrupt price swings and liquidity pockets may become increasingly common.

Furthermore, recent tariff announcements from President Trump, particularly those directed at China, have added another layer of instability to the macro landscape. These policy developments have the potential to intensify market turbulence, heighten risk‑off flows, and trigger sharp intraday reversals or whipsaw‑like behaviour in gold.

M15 Chart: สแนปชอต

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