GOLD analysis 22/11/2025:

This is the daily chart of Gold. We have marked out the dealing range high and low. We are doing the analysis on the weekend before the thanksgiving day. We will be going into low volatility conditions and so the chances of the price breaking out of the dealing range is small. We can however break out of the current range which has been a tight consolidation. In our view, shorts can be taken at the resistance and ongs can be taken below the consolidation low but particularly 3922.

Our fundamental bias has not changed and we are still bullish. As long as price remains within this dealing range, we wont have breakout. Our ideal scenario would be a move lower in Q1 2026 to the blue buyzone and we can take longs from this zone. This will fool many market participants to short while the market makers are buying.

Also we have the ema’s and if you look closely the price is hugging the 20 ema, even though bitcoin and Nasdaq are selling off. In a way this suggest the relative strength of the gold market. So a slightly bullish bias should be had and if bitcoin and Nasdaq start to rise again, gold should be able to rise even more.

Disclaimer: The above analysis is Muffett’s own views and should not be construed as investment advice. This blog is done for educational purposes only.