XAU/USD quotes continue to move as part of a developing correction and the formation of a Triangle pattern. At the time of this forecast’s publication, the gold price today is $4,014 per troy ounce. Moving averages indicate a short-term bearish 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 bullish correction in gold prices and a test of the resistance level near 3995. From there, we should expect a downward rebound and continued decline in gold prices, with a potential target below 3815.
GOLD Forecast and XAU/USD Analysis for November 7, 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 upper boundary of the Triangle pattern. A strong rally and a breakout of 4065 would cancel out the potential for a gold price decline on November 7, 2025. This would indicate a breakout of the resistance area and continued growth above 4205. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 3875, which would indicate a breakout of the lower boundary of the Triangle pattern and the beginning of a pattern with targets below.
GOLD Forecast and XAU/USD Analysis for November 7, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 3995. Subsequently, base metal prices are expected to continue to decline, with a target below 3815. A strong rally in the market and a breakout of 4065 would cancel out the downward trend in gold prices. This would indicate a continued rise in gold prices, with a potential target above 4205.
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