XAU/USD quotes continue to move within a developing correction and bullish channel. At the time of publication of this forecast, the price of gold today is $4,072 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating pressure from asset buyers and potential continued growth from current levels. At this point, we should expect an attempt at a bearish correction in the gold price and a test of the support level near 4,055. From there, we should expect an upward rebound and continued growth in the gold price, with a potential target above 4,515.
GOLD Forecast and XAU/USD Analysis for November 20, 2025
An additional signal favoring an increase in XAU/USD quotes will be a test of the bullish support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A decline in gold prices and a breakout of 3865 would cancel the November 20, 2025, scenario. This would indicate a breakout of the support area and a continued decline in the asset’s price below 3745. Expect an acceleration in XAU/USD price growth with a breakout of the resistance area and a price close above 4275, which would indicate a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
GOLD Forecast and XAUUSD Analysis for November 20, 2025 suggests an attempt at a bearish price correction and a test of the support area near 4055. Subsequently, base metal prices are expected to continue rising with a target above 4515. A decline in the market price and a breakout of 3865 would cancel out this upward price movement for gold. This would indicate a continued decline in gold prices with a potential target below 3745.
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