Main Scenario: As long as it stays under the 1492 barrier, our main expectation is NEGATIVE!
In addition, the 4-hour close above the 1448 level could further strengthen our expectations.
Target Expectation: 1457 – 1448 – 1440
Considerations Supporting The Scenario: The fact that the short-term negative trend continues despite the recent increases and that the RVI indicator creates a SELL signal strengthens our negative expectations for the Gold price.
Alternative Scenario: In the event of a 4-hour close above 1492 level, the alternative expectation is POSITIVE!
Alternative Target Expectation: 1500 – 1511 – 1520
IMPORTANT NEWS and ASSETS OF THE DAY
Friday, November 15
- Turkey Quarterly Average Unemployment, Budget Balance and Central Bank Survey of Expectations,
- Euro Area Core Consumer Price Index and Consumer Price Index,
- US Industrial Production, Core Retail Sales and Retail Sales
Taking into account the current news streams today, EURUSD, GOLD and USDTRY may draw attention compared to other assets.