Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (24th - 28th November 2025)

Comex Gold wavered near the important $4,000 mark this week, with traders assessing overbought conditions and losing momentum. While a deeper drop is probable, long-term support and broad interest indicate that the metal may stabilize before regaining next year.

After consolidation in a tight range around 122,000, MCX Gold December contract has gained strength towards weekend and closed on a positive note at 124,195. Gold price has remained in a Rising channel formation, sustaining over its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at 122,884, 119,233 and 112,770 respectively. After reaching its ATH level, we can observe a lower-highs on chart which signifies a weakness in previous trend.

Daily SAR level would be at 121,336 which would be crucial downside level. Upside resistance would be at 126,000 and breakout of this level will accelerate bullish momentum in Gold price towards its next hurdle at 127,941.

With recent price consolidation, we can observe a gradual decline in OI levels to 9,280 lots in December contract. The momentum indicator, RSI remained around 55 on 4-hourly and Daily chart. Also, we can observe a convergence on MACD alongside declining positive histograms on Weekly timeframe.

The overall trend in Gold price is expected to be Moderately Bullish in the coming week, and traders should keep an eye on key US economic data such as PPI, Retail sales, Prelim GDP, PCE price index, Personal spending, Durable goods order and unemployment claims which are scheduled to be released in next week.

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Prediction given by Technical Research Team - Choice.