Gold Technical Analysis Report 3 November, 2025
Given the clear daily uptrend and the risk-off sentiment viewn across the market today, Gold can be expected to rise further to the next resistance level 4100.00 (former support from the middle of October).
- Gold reversed from support area
- Likely to rise to resistance level 4100.00
Gold recently reversed up from the support area between the key support level 3900.00, upper trendline of the recently broke multi-month upward channel from April (acting as the support later than it was broken at the begin of October, as can be viewn from the daily Gold chart below) and the 38.2% Fibonacci correction of the upward impulse from August and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor correction A- which belongs to the medium-term ABC correction (4) from April from the middle of October.
Given the clear daily uptrend and the risk-off sentiment viewn across the market today, Gold can be expected to rise further to the next resistance level 4100.00 (former support from the middle of October).
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