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
Anmerkung
🔴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.Anmerkung
Anmerkung
▫️Spot gold lost the $4,050/ounce mark, down 0.39% on the day.Anmerkung
🔴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.Anmerkung
▫️Spot gold stood at $4,150/ounce, up 0.46% on the day.Anmerkung
🔴Spot gold prices fell in the short term, falling below $4,150/ounce, down 0.34% on the day.
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Haftungsausschluss
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📢 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.