Categories: Technical analysis

Gold Wave Analysis – 26 November 2025

Gold: ⬆️ Buy

– Gold reversed from round support level 4000.00

– Likely to rise to resistance level 4235.00

Gold recently reversed from support area between the round support level 4000.00 (former support from October), 20-day moving average and the 61.8% Fibonacci correction of the upward impulse 1 from October.

The upward reversal from this support area started the active short-term impulse wave 3 of the medium-term impulse wave (5) from the end of October.

Given the clear daily uptrend, Gold can be expected to rise further to the next resistance level 4235.00 (which stopped the previous impulse wave 1).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: gold

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