Gold Prices Show Renewed Attempts at Recovery
Adapted and Expanded from the Original Analysis by Economies.com
Published Analysis Date: November 20, 2025
Original Author: Economies.com Editorial Team
Original Article: Gold Prices Are Experiencing New Recovery Attempt – Analysis 20-11-2025
Gold prices are displaying renewed signs of recovery after experiencing downward pressure in recent trading sessions. Market analysts and traders have been closely watching the precious metal’s erratic movements, especially as global macroeconomic variables continue to shift. Recent price action indicates that bullish momentum may be attempting to reassert itself, although the trend remains delicate and subject to key resistance levels.
This expanded analysis delves deeper into the latest shifts in gold prices, the supporting technical indicators, and the underlying global drivers that may influence the trajectory of the yellow metal in the coming weeks.
Current Price Behavior and Immediate Resistance
Gold’s price behavior over the last 24 hours suggests that the bulls are making another push to reverse recent losses. After slipping below critical support levels late last week, gold began a moderate rebound early in this week’s trading cycles. However, technical charts show that the path to recovery faces considerable resistance.
Key observations include:
– Gold is currently attempting to stabilize above the $1,965 per ounce mark after rebounding off lower recent lows.
– The Fibonacci 23.6 percent retracement level at $1,975 serves as an immediate ceiling and is critical for determining the next phase of movement.
– Sustained failure to break above this resistance could see gold revisit its previous lows, particularly those under $1,940.
– The 50-day Simple Moving Average (SMA) and 100-day SMA are also converging near $1,980, adding a further technical complexity to gold’s immediate outlook.
Trend analysis indicates that a strong upward breakout beyond $1,980 may signal a more robust correction or even potential bullish reversal, but until then, caution remains the prevailing sentiment among market participants.
Technical Analysis and Signal Evaluation
Gold’s technical indicators provide a mixed outlook at this stage. While some momentum oscillators are starting to lean bullish, the overall trend is yet to confirm a definitive directional shift.
Let’s consider key technical elements:
– Relative Strength Index (RSI) is hovering near the neutral zone at 50, which indicates indecision among traders. A move above 60 would support a bullish trend continuation.
– The Moving Average Convergence Divergence (MACD) remains just under the signal line, suggesting lingering bearish pressure despite the latest recovery attempts.
– Stochastic oscillators have turned slightly upward, potentially indicating an emerging buying interest, although this signal is still premature to confirm a sustained uptrend.
Moreover, the position of the short-, medium-, and long-term moving averages reveal the following:
– Short-term moving averages (10-day and 20-day) remain below mid-term moving averages, which flags a bearish signal.
– Long-term support has held firm near $1,915, and unless breached, it may continue to serve as a foundational support level.
Until gold successfully breaks above the layered resistance near $1,975 to $1,985, the outlook remains cautiously bearish, with scope for marginal gains limited by overhead supply pressures.
Fundamental Drivers Influencing Gold’s Price Movement
Gold prices are not merely influenced by technical behavior but are heavily shaped by ongoing global economic events and macro-level developments. In November 2025, several critical elements are driving market sentiment around gold:
1. US Monetary Policy Outlook:
– Recent statements from the Federal Reserve suggest a continued wait-and-see approach regarding future interest rate adjustments.
– While inflation has shown some signs of slowing, it remains above the Fed’s target, prompting mixed expectations about possible rate hikes.
– A dovish pivot or any indications of rate cuts could provide a bullish catalyst for gold, which tends to benefit from lower interest rates.
2. Global Geopolitical Risk:
– Continued
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