Gold is ending the trading week with a strong rally near the 4091 area. XAU/USD quotes continue to move within a developing correction and bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above the area between the signal lines, indicating buying pressure and potential continued price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 3885 area. Further, an upward rebound and continued growth in XAUUSD are expected this trading week, with a potential target above 4825.
GOLD Weekly Forecast XAU/USD November 17 – 21, 2025
An additional signal favoring growth in gold quotes and prices this trading week (November 17-21, 2025) will be a rebound from the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 3475 area will cancel the upward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 2965. A breakout of the resistance area and a close above 4125 will confirm the asset’s price growth.
GOLD Weekly Forecast XAU/USD November 17 – 21, 2025 suggests an attempt to develop a bearish correction and test the support level near 3885. Then, gold prices will continue to rise with a target above 4825. A test of the trendline on the relative strength indicator (RSI) will support the upward trend. A decline and a breakout of 3475 would cancel out Gold’s growth scenario. This would indicate a continued decline below 2965.
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