GOLD → Consolidation above the support level of the new range

Nov 27, 2025

XAUUSD is consolidating above 4150 but within the distribution phase after breaking through consolidation. The upward price movement is supported by the weakening of the dollar...

The metal remains on track for a fourth month of growth thanks to expectations of further Fed rate cuts and geopolitical tensions.
Despite strong US data, markets are still pricing in a 76-85% probability of a rate cut in December. The dollar is weakening, although yields are rising slightly.
Against the backdrop of the holiday week in the US, volatility may decrease and gold may consolidate. Talks about a possible peace between Russia and Ukraine could reduce demand for safe-haven assets, but the overall backdrop remains favorable for XAU/USD growth.

Resistance levels: 4170, 4211
Support levels: 4146, 4139

Gold is consolidating above the key support zone of 4140-4146. A long squeeze could trigger a shift in market imbalance in favor of buyers. If the bulls keep the price above 4150, this could trigger further growth, a breakout of 4170, and a retest of 4211.

Best regards, R. Linda!

Nov 28, 2025

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