On November 14th, analysts observed gold regaining strength on Wednesday after prolonged consolidation. Market sentiment remained cautious as the US Congress prepared for a critical vote to end the historic government shutdown. The House of Representatives planned to vote on a temporary funding bill that would maintain most federal agencies' operations until January 30, 2026, with partial department funding extended through September 30, 2026. The potential resolution of government operations is expected to stabilize overall risk appetite, while investors await delayed economic data releases post-reopening, which may provide clearer signals for the Federal Reserve's future monetary policy direction.
Regarding gold prices, analysts noted the upward trend continues, supported by expectations of Fed dovishness and dollar weakness. The Relative Strength Index (RSI) approached 68, slightly below overbought territory. Gold's breakout above the $4,150 resistance level confirmed a recent consolidation breakout, opening potential for a move toward $4,200. A sustained breakthrough could retest the all-time high near $4,381. On the downside, $4,150 now serves as immediate support, followed by $4,100 and the 100-day moving average around $4,050-$4,022.
Silver showed strength after surpassing $51, currently trading near $53.40. Prices are approaching the key resistance at the historical high of $54.46. Short-term technicals indicate a strong uptrend with rising moving averages providing support. However, momentum indicators like RSI may enter overbought territory after consecutive gains, warranting caution against chasing rallies. Support lies near $50.55, with a break potentially signaling trend reversal or double-top formation.
In cryptocurrency markets, analysts highlighted structural changes in supply dynamics. Bitcoin's overall seller liquidity has significantly declined while exchange reserves remain stable. Total liquidity inventory has dropped to approximately 1.27 million BTC, the lowest in recent years, indicating sustained supply reduction particularly from whale and institutional wallets. Despite increased short-term volatility, institutional investors maintain optimism as regulatory frameworks and ETF infrastructure improvements lower market entry barriers, driving broader adoption in diversified portfolios.