Bank holiday what will gold price be on 28 november 2025?1️⃣ Trendline
Ascending Trendline (red channel)
Price is moving inside a short-term ascending channel, forming higher highs and higher lows.
Recently touched the upper boundary → a technical pullback toward the lower boundary is likely.
Descending Trendline (red dotted)
This is a dynamic resistance from the higher timeframe.
Price has just broken above it; a retest is normal → creating a strong confluence area.
2️⃣ Key Support & Resistance
Resistance
4,240 – 4,245 (Fibo 1.618 + major supply zone)
→ This is the upside target if price continues to hold within the ascending channel.
Support 1 (nearest)
4,165 – 4,170 (trendline + MA + previous consolidation zone)
→ This zone is crucial for maintaining the bullish structure.
Support 2 (stronger)
4,095 – 4,112 (Fibo 0.5 – 0.618 + broad demand zone)
→ If Support 1 breaks, price may retrace deeply into this area.
3️⃣ Fibonacci Levels
Fibo 1.0 at 4,162 → currently the main retest point.
Fibo 0.618 at 4,111 → strong confluence with the major demand zone.
Fibo 1.618 at 4,245–4,255 → matches the top resistance → primary bullish target if the trendline holds.
4️⃣ Scenarios
Bullish Scenario (preferred)
If price holds above 4,165 – 4,170
→ it continues following the ascending channel → target 4,240 – 4,245.
Bearish Scenario
Break of the trendline + candle close below 4,165
→ confirms a correction phase → price likely moves down to 4,109 – 4,105.
Trade Ideas
BUY GOLD:
4165 – 4162
Stoploss: 4152
Take Profit: 100 – 300 – 500 pips
SELL GOLD:
4240 – 4243
Stoploss: 4250
Take Profit: 100 – 300 – 500 pips
