Gold Price Outlook: Strong Support Rebound Toward 4,255GoldOANDA:XAUUSDMR_NARCOS_ANALYSISXAU/USD – Technical Analysis (16 Nov 2025) Overall Market Context Gold experienced a sharp decline after breaking out of its rising channel, reaching a major support zone between 4,050 – 4,065. Price is currently stabilizing above that support, attempting to form a short-term base for a bullish correction. 1. Key Technical Zones 🔵 Major Support Zone (Strong Demand) 4,050 – 4,065 This zone has acted as the first strong buy reaction after the breakdown. Multiple wick rejections show aggressive buyers waiting here. A clean break below → opens deeper correction towards 4,025 – 4,030. 🟦 Immediate Resistance Zones 4,100 – 4,110 First intraday resistance. Price must break above this to confirm bullish momentum. 4,120 – 4,130 Secondary resistance. A break above this confirms the reversal structure. 🎯 Main Bullish Target 4,255 – 4,260 This aligns with: Former channel midline projection Fibonacci extension zone Previous major swing high area on the chart The chart clearly marks the bull target at 4,255.718. 2. Market Structure Breakdown 🔻 Previous Trend Price was trading inside an ascending channel (yellow lines). Broke down sharply → entered correction phase. Now attempting a bullish re-entry after hitting strong support. 🔄 Current Price Behavior Price is forming higher lows on the micro-trend after the spike down. A short-term wedge/bull flag structure is developing. Bulls are defending support aggressively. 3. Expected Move (Based on Your Chart Projection) Primary Bullish Scenario ✔️ (Most Probable) Hold above 4,070 – 4,085 Break above 4,100 → 4,110 Pullback retest Push toward 4,130 Bull continuation toward the target 4,255 This matches the yellow arrow path drawn on your chart. 4. Bearish Alternative Scenario ❗ If gold breaks below 4,050 with strong momentum: Next support → 4,025 – 4,030 Deeper correction back toward 3,990–4,000 zone becomes possible. But currently buyers are controlling the support zone. 5. Summary Structure: Reversal attempt after channel breakdown Momentum: Neutral → turning bullish Key Level to Break: 4,110 Bull Target: 4,255 Support Holding: Strong Bias: Bullish above 4,070, bearish only below 4,050 NG1! SI1! GD1! SV1! USDRUB.P MX1! NA1! RI1! IRUS.P PD1! ED1! If you want, I can also generate: ✅ Trading signal in multiple languages ✅ Short-term & long-term forecast ✅ Buy/Sell zones with risk management Just tell me!