Gold 03.11.2025
Overall Trend:
Gold is ranging between support at 3917/3882 and nearby resistance around 4031 after a sharp drop from recent highs. This sideways move reflects temporary indecision, with traders waiting for a decisive breakout in either direction.
Expected Scenario:
Bullish: A sustained break above 4031 would likely revive the uptrend, exposing 4080 and then 4120 in the short term.
Bearish: A break below 3917 followed by 3882 would signal a fresh bearish leg, with scope to extend toward 3850 and 3800.
Key Levels:
Resistance: 4031 – 4080 – 4120
Support: 3917 – 3882 – 3850 – 3800
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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