20.11.202522:29 Forex Analysis & Reviews: XAU/USD. Analysis and Forecast

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Today, gold is trading within its familiar four-day range, finding support at the 100-period Simple Moving Average (SMA) on the 4-hour chart. From a technical standpoint, any decline is likely to find solid support near the 200-period Exponential Moving Average (EMA), which currently lies around $4020. Next comes the weekly low, slightly below the psychological level of $4000; a break beneath this level would accelerate the decline toward support at $3930. The downward trajectory may continue toward a test of the late-October low near $3886.

On the other hand, the 50-period Simple Moving Average (SMA) on the 4-hour chart, located around $4110, is the nearest resistance. A modest rise above this level would be perceived as a new bullish catalyst, lifting the price of the yellow metal to the next resistance zone around $4150–4145. Further growth would pave the way toward the next psychological level at $4200.

It is also worth noting that oscillators on the daily chart remain positive, confirming that gold is not ready to surrender.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.