XAU/USD quotes continue to move within a developing bullish correction and bearish channel. At the time of this forecast’s publication, the gold price today is $4,007 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. Currently, we expect an attempt at a bullish correction in gold prices and a test of the resistance level near 4,055. From there, we expect a downward rebound and continued decline in gold prices, with a potential target below 3,745.
GOLD Forecast and XAU/USD Analysis for November 4, 2025
An additional signal favoring a decline in XAU/USD quotes will be a test of the broken support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 4135 would cancel out the potential for a gold price decline on November 4, 2025. This would indicate a breakout of the resistance area and continued growth above 4375. Expect the XAU/USD price to accelerate its decline with a breakout of the support area and a price close below 3925, which would indicate a breakout of the lower boundary of the bullish channel.
GOLD Forecast and XAU/USD Analysis for November 4, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 4055. Subsequently, base metal prices are expected to continue to decline, with a target below 3745. A strong rally in the market and a breakout of 4135 would cancel out the downward trend in gold prices. This would indicate a continued rise in gold prices, with a potential target above 4375.
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