XAU/USD quotes continue to move as part of a developing correction and the formation of a Triangle pattern. At the time of publication of this forecast, the price of gold today is $4,068 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 here, we should expect an upward rebound and continued growth in the gold price, with a potential target above 4,385.
GOLD Forecast and XAU/USD Analysis for November 21, 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. The potential for gold price growth on November 21, 2025, will be cancelled if prices fall and break below 3875. This will indicate a breakout of the support area and a continued decline in the asset’s price below 3785. Expect the XAU/USD price to accelerate with a breakout of the resistance area and a price close above 4265, which will indicate a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
GOLD Forecast and XAU/USD Analysis for November 21, 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 4385. A decline in the market price and a breakout of 3875 would cancel out this upward price movement for gold. This would indicate a continued decline in gold prices with a potential target below 3785.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
