The main support level for gold prices is around $3850.GoldOANDA:XAUUSDKarlie_KlossNovember 15, 2026 (Sunday) The main support level for gold prices is around $3850. This week's higher-than-expected CPI data triggered the sell-off, but the subsequent hawkish comments from Fed officials were the real driver of the continued sell-off. Friday's rebound is considered a continuation of the downtrend rather than a confirmation of a bottom. Technical Analysis: The $3860-$3850 range is a key watershed. Holding this range may indicate a bottoming out and rebound; a break below this range would require a test of the $3320 area for stronger support. From a market sentiment perspective, I remain pessimistic about gold prices next week. Key range to watch: $3915-$3850 Key Price Levels for Monday: A break above $3890 is needed for a further decline to the $3915-$3940 range. $3940-$3965 is a strong resistance level, and the market will not focus on this area on Monday unless interest rate expectations ease. On the downside, $3865 is the recent support level. The real structural resistance level is at $3850-$3860. If $3850 is effectively broken, then $3815-$3790 will become the focus, followed by $3720-$3700. There are no major data releases on Monday that are likely to significantly impact gold prices. The focus on Monday is on speeches by Fed officials and the performance of the bond market; this is an "existing price day," not a "new price day." Monday Strategy: If gold prices ralli to $3890-$3905 and encounter significant resistance, given that the $3900 resistance level was confirmed last Friday, this is a short-selling signal. Target price: 3865 Downside potential: 3850-3855 Stop-loss level: Above 3915 Once the price stabilizes around 3850, short positions should be reduced; avoid holding excessively large positions.