Gold Weekly Summary and Forecast 11/8/2025

In my last week's weekly post, I expected gold to test 3939 and rise from there as shown below.

Gold indeed bounced from there. However, the movement is very slow in the past week. Especially for the last two days, price is ranging from 3970-4020. Nevertheless, gold closed the week with a positive note. And it is clearly bouncing from the previous channel top as well. Therefore, I expect gold to rise sharply next week.

For next week's trading strategy, I will only look for buying opportunities.