Outlook:
At starting of 3rd week of November 2025, gold retains a constructive medium-term Bearish outlook, but the near-term is at a critical juncture. A successful upward breakout would reinforce 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 (Bearish) : Consider short positions from corrections below the level of 4381 with a target of 3949 – 3846. A sell signal: the price holds below 4065. Stop Loss: above 4085, Take Profit: 3949 – 3846.
- Alternative Scenario (Bullish): Breakout and consolidation above the level of 4380 will allow the pair to continue rising to the levels of 4500 – 4650. A buy signal: the level of 4380 is broken to the upside. Stop Loss: below 4350, Take Profit: 4500 – 4650.
Technical Indicators
Trend: Short-term consolidation within a long-term uptrend
Support Levels: 4011 – 3951
Resistance Levels: 4254 & 4314
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 from year 2022.
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 of degree 3 is still developing. Within this Wave 3, the wave ((iv)) has been completed in Aug’2025. Now the Price is moving in its Wave ((v)). Within This wave ((v)), the wave (iii) has been Completed and Price has started a correction for previous move and wave (iv) is developing.
On A 4-Hours Chart : The Leg A and Leg B of Wave (4) has been completed on 4-Hour Chart of XAU/USD from 17-Oct’2025 in form of a Downward ZIG-ZAG. structure. Now the Price is moving in its Final Leg C.
If this Presumption is correct then Gold: XAU/USD may continue to Decline to the Price levels of 3781 – 3409.
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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