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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*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
