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Gold (XAU/USD) Price Forecast: Closes Above 10-Day MA – First Since October 20
FX Empire·2025-11-08 05:40

Key 10-Day CloseToday’s projected close above the 10-day average at 3,978marksthefirstsuchoccurrencesincethelineflippedfromsupporttoresistanceonOctober21.Thisdevelopmentsignalsimprovingshorttermdemandandraisesoddsforacontinuedpushtowardthe20dayaverage,currently3,978 marks the first such occurrence since the line flipped from support to resistance on October 21. This development signals improving short-term demand and raises odds for a continued push toward the 20-day average, currently 4,082 and range-bound over the past week.20-Day Resistance OutlookThe 20-day average has traded sideways recently, making gold’s reaction to it key in the current environment. A rally into $4,082 is expected to e ...