GOLD
IN $DOLLAR TERMS
Open—4079.26--High---4100.77---Low—4024.76--Close---4065.45
on 21.11.2025.
All-Time High:-4381.21 made on 20.10.2025.
Recent Low:-3998.61.
Support:$4005.55/3998.61/3945.87/3929.37/3915.82/3887.03/3820.20.---
Resistance:$4132.58/4161.10/4244.81/4381.21.
(Bold and underlined figures are most important).
It is in the long term uptrend and the overall technical setup still looks good for the continuation of the up move as of now. But at present it is in the corrective mode and making lower top, but it is near its key support range of $4057---4003.66---3958.59 and as long as it holds this range chances of up-move will alive, but break & sustained close below this range can drag it down to $3887.03 and if it break & sustain below it then it may witness moderate to sharp fall again.
Similarly moving up its strong resistance points are at $4116.21---4160.37(figures may change) if it moves above these points it will get out of corrective mode and may resume the up move again and then the broad upside target could be $4187---4192---4196---4244.87---4264.58---4282.37 in coming weeks & months, please note that it may correct at any of these points and then may resume the up-move again or it may halt the up-move for a while and move sideways or drift down. But if it moves above $4282.37 and sustain on the closing basis then it could retest its all-time high of $4381.21 or may go beyond it also.
It is important to mention here that it had a vertical rise in the last couple of months, therefore in technical terms it may have vertical fall too in coming times but at present there is no such sign, however it is suggested to be alert and watchful.
Traders or investor can structure their trade with the help of above observation.
IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment as of now, the technical
interpretation changes with the price movement and time; therefore it has to be
reviewed at regular intervals. This is for educational purpose.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.