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XAU/USD ANALYSIS 11/25/2025

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1. Fundamental Analysis:
a) Economy:

• USD:
The USD is slightly weakening due to expectations that the FED will keep rates unchanged and may deliver more dovish signals in speeches this week.

• U.S. Stocks:
Wall Street inched higher last night, with the market leaning toward a risk-on sentiment, which usually weighs on gold. However, the gains were not strong → gold is not under heavy pressure.

• FED:
The FED continues to emphasize a “data-dependent” stance, but the market is starting to believe in the possibility of rate cuts in the coming months. This supports gold in the medium term.

• TRUMP Administration:
The new administration prioritizes economic recovery, deregulation, and tax cuts → which may stimulate the stock market, but geopolitical risks still linger → gold benefits whenever volatility rises.

• Gold ETF (SPDR):
SPDR has been buying and selling alternately with no clear trend. However, recent selling volume is not large → no major bearish pressure on gold. On Nov 24, the fund bought 0.29 tons—small, likely probing while waiting for upcoming news and market reactions.

b) Politics:

Tensions in the Middle East remain unresolved; additionally, U.S.–China trade competition still holds the potential for new conflicts → gold maintains its safe-haven appeal.

c) Market Sentiment:

The market is slightly risk-on, but within a narrow range and lacking strong momentum → reversal risks are always present.
The “waiting for FED this week” sentiment makes gold move more technically.

2. Technical Analysis:

The 30-minute timeframe gives extremely clear signals:
• Price has broken above the descending trendline extending from the Nov 17 high.
• A new uptrend (short- to medium-term) is forming.
• Extended targets if momentum holds: 4,244 – 4,276.
• RSI is in the mid-high zone but not overbought → still room for upside.
• MA20 has crossed above MA50 nicely, supporting the bullish trend.

Overall: Gold is likely retesting the breakout and continuing the upward trend.

RESISTANCE: 4,193 – 4,244 – 4,276
SUPPORT: 4,096 – 4,040 – 4,029 – 4,000

3. Previous Market Session:

• Gold surged strongly from the 4,040 zone, breaking the descending trendline and the ascending triangle.
• Price closed above all short-term EMAs → buying pressure dominates.
• Volume increased during the breakout → confirming the trend.

4. Strategy for Today (Nov 25, 2025):

🪙 SELL XAUUSD | 4195 – 4193
SL: 4199
TP1: 4187
TP2: 4181

🪙 BUY XAUUSD | 4084 – 4086
SL: 4080
TP1: 4092
TP2: 4098
ノート
▫️Spot gold stood at $4,150/ounce, up 0.46% on the day.
ノート
GOLD ANALYSIS 11/26/2025
ノート
🔴Spot gold prices fell in the short term, falling below $4,150/ounce, down 0.34% on the day.

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