
Gold and Silver Analysis - November 28, 2025
The precious metals complex has shown little movement today, with both gold (XAU) and silver (XAG) trading flat in the face of mixed market sentiment. As we dive into our analysis, it's essential to consider the macroeconomic drivers that have been influencing these markets.
Gold (XAU) Analysis
Technical Analysis
Looking at the price action over the past few days, gold has been oscillating within a narrow range, struggling to break above the $4215.34 high set on November 25th. The RSI (14-day) is hovering around 50, indicating a neutral sentiment with no clear directional bias. The MACD (12,26) remains in bullish territory but is showing signs of weakening momentum.
Macro Analysis
From a macroeconomic perspective, gold has been benefiting from the ongoing inflation concerns and expectations of a rate hike by major central banks. However, the recent stabilization in yields and improved risk appetite have tempered some of the metal's upside potential.
Key Support and Resistance Levels
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Gold (XAU) | 4173.60 | 0.00 | 0.00% | 4215.34 | 4131.86 |
Support levels: $4131.86, $4092.50
Resistance levels: $4215.34, $4248.80
Short-term Trading Bias and Reasoning
Given the neutral sentiment and lack of clear directional bias, we recommend a HOLD on gold for now, but with an eye towards potential long entries if prices break above the $4215.34 high.
Silver (XAG) Analysis
Technical Analysis
Similar to gold, silver has also been trading within a tight range, unable to decisively break below or above the November 25th highs. The RSI (14-day) is also hovering around 50, indicating a neutral sentiment, while the MACD (12,26) remains in bearish territory.
Macro Analysis
Silver's performance has been closely tied to gold's movements and overall risk appetite. As investors become increasingly optimistic about the global economic outlook, silver may struggle to maintain its premium over gold.
Key Support and Resistance Levels
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Silver (XAG) | 553.80 | 0.00 | 0.00% | 559.34 | 548.26 |
Support levels: $548.26, $536.40
Resistance levels: $559.34, $565.20
Short-term Trading Bias and Reasoning
We recommend a SELL on silver due to the metal's declining premium over gold and increasing risk aversion among investors.
Actionable Insights and Risk Management Reminders
- As always, maintain a diversified portfolio with exposure to various asset classes.
- Consider adjusting your position sizes based on market volatility and liquidity.
- Keep an eye on inflation data releases, central bank announcements, and key economic indicators that may impact gold and silver prices.
- Be cautious of over-leveraging or taking excessive risk, especially in uncertain markets.
Remember that trading with leverage can amplify both profits and losses. Proper risk management is essential to avoid significant losses.
By Malik Abualzait
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