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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 $3,886 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 ...