XAU/USD 08 June 2026 Intraday Analysis

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H4 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: snapshot

M15 Analysis:

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

Price has not printed according to analysis dated 01 June 2026. However, I also mentioned that I was not entirely convinced of the bullish iBOS to the insignificant nature of the iBOS.

Price targeted weak internal low and has printed a bearish iBOS. This is in-line with H4 bearish structure.

Price has previously printed a bullish CHoCH to indicate bullish pullback phase initiation, however, I will apply discretion and not classify the bullish CHoCH due to insignificant nature of pullback.

You will note price is reacting at a previous H4 supply zone where we may see extended rangebound activity.

Intraday expectation:

Price to print bullish CHoCH to indicate bullish pullback phase initiation. CHoCH positioning is denoted with a blue horizontal dotted line. Price to then trade up to either premium of internal 50% EQ, or M15 demand zone before targeting weak internal low, priced at 4,268.480.

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: snapshot

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