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Indonesia News Portal for Traders | Financial & Business Updates

11 November 2025 07:22  |

Gold Strengthens: On the Way to $4,200?

Gold prices held above $4,100/oz on Tuesday (November 11) during the Asian session. This was supported by rising expectations of a Fed interest rate cut following a series of weak US economic data. On Monday, gold briefly touched a two-week high, while inflows into global gold ETFs in October increased again, providing a more solid basis for demand.

The dollar also weakened on hopes of a resolution to the US government shutdown, while the US 10Y yield held near 4.12%, a tame measure supporting gold.

At the time of this analysis, the gold price is around $4,118.

Buy if the price is around $4,128.

Sell if the price is around $4,108.

 

Resistance 2: $4,148.

Resistance 1: $4,138.

 

Support 1: $4,098.

Support 2: $4,088.

 

Disclaimer:

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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