XAU/USD 29 April 2026 Intraday AnalysisGoldOANDA:XAUUSDKhan_YIKH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and bias to remain the same as analysis dated 24 March 2026. Price has printed a bullish CHoCH to indicate bullish pullback phase initiation. Price is currently trading within an Established internal range. Intraday expectation: Price to react at either premium of 50% internal EQ, or H4 demand zone before targeting weak internal low currently priced at 4,099.125. Note: Gold remains volatile as tensions between the US, Israel, and Iran keep safe‑haven demand elevated. Markets are reacting quickly to every headline, while uncertainty around the Fed’s easing path and shifting U.S. policy under President Trump, especially tariffs continues to fuel choppy price action. For newer traders, the key is simple, stay flexible and manage risk carefully, as fast spikes and sudden reversals are a normal part of the current XAU/USD environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. As mentioned in yesterday's analysis, where I stated that I would monitor price with respect to depth of bullish pullback following the printing of a bullish CHoCH. Price did not pull back with enough conviction, therefore, I will not classify the bullish CHoCH and subsequent bearish iBOS. Price continued bearish and reacted at a previous demand zone, which was plotted months ago. Price is currently trading within an internal high and fractal low. CHoCH positioning is denoted with a blue horizontal dotted line. Intraday expectation: Price to indicate bullish pullback phase initiation by printing a bullish CHoCH, thereafter, price to trade up to either premium of 50% internal EQ, or M15 supply zone before weak internal low, currently priced at 4,555.135. Note: Gold remains highly reactive on the M15 as geopolitical risk continues to drive quick, headline‑led moves. The tension between the US, Israel, and Iran is keeping safe‑haven demand elevated, with markets still sensitive to any sign of escalation. At the same time, shifting US tariff policy under President Trump is adding extra uncertainty, fuelling sharp intraday swings and increasing the likelihood of sudden sentiment flips. Liquidity pockets and whipsaws remain common, making disciplined risk management essential. Gold’s geopolitical premium is still firmly in place, and until tensions ease, short‑term volatility is likely to stay front‑loaded. M15 Chart: