1. Fundamental Analysis
a) Economics
– USD:
• The USD is slightly weakening as markets expect the FED to keep rates unchanged and still lean toward rate cuts in the upcoming quarters.
• No strong hawkish signals, so the USD is not putting significant pressure on gold this morning.
– U.S. Stock Market:
• U.S. equities edged higher last night thanks to rate-cut expectations, but the upside momentum is weak as markets await more economic data.
• Risk-on sentiment is mildly present, creating slight pressure on gold but nothing major.
– FED:
• The FED maintains a “data-dependent” stance without introducing new tightening signals.
• This provides medium-term support for gold (preventing deep declines).
– TRUMP:
• The Trump administration prioritizes tax cuts and economic support, increasing expectations of inflation.
• Long-term outlook: gold remains supported due to future Fed rate cuts.
– Gold ETF – SPDR:
• SPDR did not add holdings in the latest session → the gold market is waiting for December data.
• No large inflows → confirms a sideways, wait-and-see environment.
b) Geopolitics
• Middle East tensions have eased in the past 24 hours but are not fully resolved → no major gold volatility.
• Markets are watching the upcoming U.S.–EU diplomatic meeting on security issues.
c) Market Sentiment
• Current sentiment is mild risk-on, not strong.
• Risk-seeking investors are returning to equities but still keep a defensive allocation in gold → expectations for gold: sideways to slightly upward, not a strong decline.
2. Technical Analysis
– Trend:
• GOLD is moving sideways within the 4040 – 4115 range.
• RSI shows a mild bearish divergence, but not strong enough to create a downward trend.
– Key Levels:
• Major resistance: 4096 – 4125 – 4153
• Major support: 4050 – 4029 – 4000 (round number)
• Low volume → confirms a “hibernating market” as yesterday’s news was neutral.
– Projection for today:
• Gold is expected to continue ranging within 4040 – 4125 until a breakout later in the evening.
• High probability of retesting 4040–4050 before bouncing upward toward 4125, following the indicated arrow.
3. Yesterday’s Market
• GOLD moved within a sideways box pattern, repeatedly touching the top and bottom of the 4040–4100 range.
• No significant breakout occurred.
• Early top-picking and bottom-fishing trades were all “stop-hunted” both ways.
• Low liquidity at the end of the session → confirms the market is waiting for December data.
4. Trading Strategy for Today (Nov 21)
🪙SELL XAUUSD | 4147 - 4145
⚰️SL: 4153
⬆️TP1: 4137
⬆️TP2: 4129
🪙BUY XAUUSD | 4004 - 4006
⚰️SL: 3998
⬆️TP1: 4014
⬆️TP2: 4022
a) Economics
– USD:
• The USD is slightly weakening as markets expect the FED to keep rates unchanged and still lean toward rate cuts in the upcoming quarters.
• No strong hawkish signals, so the USD is not putting significant pressure on gold this morning.
– U.S. Stock Market:
• U.S. equities edged higher last night thanks to rate-cut expectations, but the upside momentum is weak as markets await more economic data.
• Risk-on sentiment is mildly present, creating slight pressure on gold but nothing major.
– FED:
• The FED maintains a “data-dependent” stance without introducing new tightening signals.
• This provides medium-term support for gold (preventing deep declines).
– TRUMP:
• The Trump administration prioritizes tax cuts and economic support, increasing expectations of inflation.
• Long-term outlook: gold remains supported due to future Fed rate cuts.
– Gold ETF – SPDR:
• SPDR did not add holdings in the latest session → the gold market is waiting for December data.
• No large inflows → confirms a sideways, wait-and-see environment.
b) Geopolitics
• Middle East tensions have eased in the past 24 hours but are not fully resolved → no major gold volatility.
• Markets are watching the upcoming U.S.–EU diplomatic meeting on security issues.
c) Market Sentiment
• Current sentiment is mild risk-on, not strong.
• Risk-seeking investors are returning to equities but still keep a defensive allocation in gold → expectations for gold: sideways to slightly upward, not a strong decline.
2. Technical Analysis
– Trend:
• GOLD is moving sideways within the 4040 – 4115 range.
• RSI shows a mild bearish divergence, but not strong enough to create a downward trend.
– Key Levels:
• Major resistance: 4096 – 4125 – 4153
• Major support: 4050 – 4029 – 4000 (round number)
• Low volume → confirms a “hibernating market” as yesterday’s news was neutral.
– Projection for today:
• Gold is expected to continue ranging within 4040 – 4125 until a breakout later in the evening.
• High probability of retesting 4040–4050 before bouncing upward toward 4125, following the indicated arrow.
3. Yesterday’s Market
• GOLD moved within a sideways box pattern, repeatedly touching the top and bottom of the 4040–4100 range.
• No significant breakout occurred.
• Early top-picking and bottom-fishing trades were all “stop-hunted” both ways.
• Low liquidity at the end of the session → confirms the market is waiting for December data.
4. Trading Strategy for Today (Nov 21)
🪙SELL XAUUSD | 4147 - 4145
⚰️SL: 4153
⬆️TP1: 4137
⬆️TP2: 4129
🪙BUY XAUUSD | 4004 - 4006
⚰️SL: 3998
⬆️TP1: 4014
⬆️TP2: 4022
ملاحظة
🔴The world's largest gold ETF -- SPDR Gold Trust increased by 1.14 tons compared to the previous day, current holdings are 1040.57 tons.ملاحظة
ملاحظة
▫️Spot gold lost the $4,050/ounce mark, down 0.39% on the day.ملاحظة
🔴The world's largest gold ETF -- SPDR Gold Trust, holds 0.29 tons more gold than the previous day, with current holdings at 1,040.86 tons.ملاحظة
▫️Spot gold stood at $4,150/ounce, up 0.46% on the day.ملاحظة
🔴Spot gold prices fell in the short term, falling below $4,150/ounce, down 0.34% on the day.
📢 Sometimes signals appear on TradingView with a slight delay!
🚀 Join our Telegram channel to get instant updates and real-time scalping signals:
👉 t.me/+dXxWVQnU5IcwNmI1
🚀 Join our Telegram channel to get instant updates and real-time scalping signals:
👉 t.me/+dXxWVQnU5IcwNmI1
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📢 Sometimes signals appear on TradingView with a slight delay!
🚀 Join our Telegram channel to get instant updates and real-time scalping signals:
👉 t.me/+dXxWVQnU5IcwNmI1
🚀 Join our Telegram channel to get instant updates and real-time scalping signals:
👉 t.me/+dXxWVQnU5IcwNmI1
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.