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Gold (XAU/USD) Price Forecast: 10-Day Rejection Signals Deeper Pullback
FX Empire·2025-11-05 06:00

Rejection at ResistanceThe recent swing back from 3,886swinglowlastweekfoundresistancenearthe10dayaverage,resultinginrejectionoverthreedays.Todayshighof3,886 swing low last week found resistance near the 10-day average, resulting in rejection over three days. Today’s high of 4,006 made another attempt but instead resulted in the second consecutive day of lower daily highs and lows. The behavior formed a small bear flag pattern and a breakdown triggered today. If the breakdown continues lower, prices will likely be challenged before sustainable support is found.Dynamic Resistance ConfirmedThe behavior of g ...