Outlook:
At starting of 1st week of December 2025, gold retains a constructive medium-term outlook, but the near-term is at a critical juncture. A successful upward breakout has been done & reinforcing bullish momentum. On the flip side, a failure to sustain support would raise the risk of a deeper corrective phase. Traders should monitor wave structure confirmation, support/resistance reactions, and macro triggers.
Major Key Points to Consider
- Primary Scenario (Bullish) : Consider long positions from corrections above the level of 4002 with a target of 4,600.00 – 4,800.00. A buy signal: the price holds above 4002. Stop Loss: below 4002, Take Profit: 4,600.00 – 4,800.00.
- Alternative Scenario (Bearish): Breakout and consolidation below the level of 4154 will allow the price to continue declining to the levels of 4114 – 4002. A sell signal: the level of 4002 is broken to the downside. Stop Loss: above 4155, Take Profit:Â 4114 – 4002.
Technical Indicators
Trend: Short-term consolidation within a long-term uptrend
Support Levels: 4114 & 4002
Resistance Levels: 4255 & 4380
Momentum: Neutral to bullish on daily timeframe
Elliott Wave Analysis
On A Weekly Chart : A Rising Larger Wave of Degree 5 is developing on the weekly chart of Gold : XAU/USD. Within this Larger Wave of Degree 5, the smaller wave of degree 4 is developing as wave 3 of (3)Â
On A Daily Chart : An Ascending Smaller Wave 3 of Degree 4 is developing on the Daily Chart of Gold : XAU/USD. Within this Larger Wave of Degree 4, the smaller wave 3 seems to be completed. Gold has started a correction for Wave ((iv)) has been Completed and now the price is moving in wave ((v)). within this wave ((v)), the smaller waves as (i), (ii), (iii) and (iv) has been completed and the price is moving in wave (v) of ((v)).
On A 4-Hours Chart : the smaller wave (iv) of large wave ((v)) has been completed. Now the price moving in (v) of ((v)). within this wave (v), smaller waves i & ii has been formed and price is in wave iii development. The wave iii is still developing, the smaller wave ((1)), ((2)) & ((3)) has been formed as its part. A correction for smaller wave ((iv)) has also been completed and now the wave ((5)) is forming as towards the completion of wave iii which is about to finish at $4254 mark or lower.Â
If this Presumption is correct then Gold: XAU/USD may continue to rise to the Price levels of 4600 – 4800.
XAU/USD : Gold Current Rate in the Market
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of Webmile | Markets [A propriety of SingleDot Technologies]. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice. According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
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