Gold is ending the trading week with a strong rally near the 4016 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 further price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 3905 area. Further upward price rebounds and continued growth in XAUUSD this trading week, with a potential target above 4565.
GOLD Weekly Forecast XAU/USD November 3 – 7, 2025
An additional signal favoring growth in gold quotes and prices this trading week (November 3-7, 2025) will be a rebound from the bullish trendline on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 3545 area would cancel the upward trend in XAU/USD. This would indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 2835. A breakout of the resistance area and a close above 4165 would confirm the asset’s upward trend.
GOLD Weekly Forecast XAU/USD November 3 – 7, 2025 suggests an attempt to develop a bearish correction and test the support level near 3905. Then, gold prices would continue to rise with a target above 4535. A test of the trendline on the relative strength indicator (RSI) would support an upward trend. A decline and a breakout of 3545 would cancel out Gold’s growth scenario. This would indicate a continued decline below 2835.
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