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05.11.2025 08:21 AM
Although there is a retracement, Gold appears to still be moving in line with its bearish bias. Wednesday, November 05, 2025.

[Gold] – [Wednesday, November 05, 2025]

Even though currently there is a strengthening trend, as long as it does not break above its Support 2, Gold will likely weaken again.

Key Levels

1. Resistance. 2 : 4032.09

2. Resistance. 1 : 3981.77

3. Pivot : 3954.99

4. Support. 1 : 3904.67

5. Support. 2 : 3877.89

Tactical Scenario

Pressure Zone: If the price breaks down and closes below 3904.67, Gold will test the next support level at 3877.89.

Momentum Extension Bias: If 3877.89 is breached, Gold has the potential to continue its decline down to 3827.57.

Invalidation Level / Bias Revision

The downside bias is contained if the price of Gold strengthens and breaks above 4032.09.

Technical Summary

EMA(50) : 3962.41.

EMA(200): 3990.31.

RSI(14) : 51.46.

Economic News Release Agenda:

Tonight, the United States will release several important economic data:

US - ADP Non-Farm Employment Change - 20:15 WIB

US - Final Services PMI - 21:45 WIB

US - ISM Services PMI - 22:00 WIB

US - Crude Oil Inventories - 22:30 WIB

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