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*📰 Market Overview*
Gold dipped after failing to hold above $4,100, sliding toward the mid-range as the U.S. Dollar Index (DXY) climbs toward 99.55. Expectations for a December rate cut weaken (now ~47%), adding pressure on metals.
*Key fundamentals driving today’s volatility:*
📈 DXY rebound → reduces short-term gold momentum
🏦 Fed hawkish tone after October’s cut; policymakers want “pause & observe”
📉 Shutdown-related data blackout = mixed signals + unpredictable volatility
🌍 Geopolitical tensions (US–China tariffs, Mideast, Ukraine-Russia) continue to anchor safe-haven flows
🏛 Central banks still buying: Q3 +220t, Poland +67t YTD
*📊 ETF flows:*
ETF flows hit a record +222t in Q3, but November is seeing mild outflows even as AUM holds near $472B. It’s like investors took a big bite earlier, but are now nibbling less while still keeping most of their gold on the table.
*📆 What’s Ahead Key Events to Watch*
🔸 FOMC Meeting – Dec 10
Odds remain mixed with a slight hawkish tilt; any surprise tough tone could pressure gold short-term.
🔸 Data Blackout Continues
With CPI/NFP still imputed, November data may drop in clusters, triggering sudden volatility spikes.
🔸 Geopolitical Risk Premium
Escalation brings instant safe-haven demand, while de-escalation boosts DXY and pushes gold lower.
🟩 *GOLD TECHNICAL LEVELS*
By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping to 3998 dollars, price found strong demand and has now climbed back up to around 4050 dollars.
*Whats NEXT ON GOLD ?* 👀👀
🎯 EQUILIBRIUM: 4122.95
Hold above = bullish momentum toward 4148
Stay below = re-test 4054 & possibly sweep 4039
🟩 📌 SCALP BUY AREA: 4039 – 4054
Strong intraday support + previous demand footprint.
🟥 📌 SCALP SELL AREA: 4106 – 4113
Expected rejection zone first reaction area.
🚨 📌 SMART MONEY SELL AREA: 4165 – 4148
CONCLUSION:-
Gold remains in a tight battle between demand at 4039–4054 and rejection zones near 4106–4113, with EQ at 4122.95 acting as the true directional trigger. Holding below EQ favors a pullback toward 4054/4039, while a clean break above opens momentum toward 4148–4165. Overall, range-bound with a slight downside bias until EQ is reclaimed.
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*Best Regards , M.MOIZ KHATTAK | FOUNDER OF TRADEWITHDECRYPTERS*
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
