Gold Short Term: bullish bias above 3925
Nov 23, 2025 1:39 PM
long positions above 3925 with targets at 4240 & 4380 in extension.
Pivot: 3925
Our preference:
long positions above 3925 with targets at 4240 & 4380 in extension.
Alternative scenario:
below 3925 look for further downside with 3820 & 3720 as targets.
Comment:
a support base at 3925 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4500
4380
4240
4065 Last
3925
3820
3720
Our preference:
long positions above 3925 with targets at 4240 & 4380 in extension.
Alternative scenario:
below 3925 look for further downside with 3820 & 3720 as targets.
Comment:
a support base at 3925 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4500
4380
4240
4065 Last
3925
3820
3720
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