Gold Price Analysis: Comprehensive Market Overview for November 14, 2025

Price Movement Today: Fluctuating Between Support and Resistance

Gold is moving within a limited range during the Friday session, November 14, 2025, starting the day at $4,171 per ounce and experiencing clear fluctuations between $4,171 and $4,201. The precious metal attempted to approach its weekly high at $4,244.94 but faced a broad selling wave that pushed it back to a gradual decline.

Despite this slight retreat in the current session, gold maintains weekly gains exceeding 5.4%, reflecting its continued appeal as a safe haven for investors amid economic pressures.

U.S. Government Reopening: A Change in Market Dynamics

The end of the U.S. government shutdown after 43 days directly impacted market sentiment. Markets experienced a broad sell-off across various assets as investors took profits after previous strong gains.

However, this shutdown created gaps in key economic data, especially U.S. labor market figures. This lack of recent information increased market uncertainty, leading to fluctuations in gold prices and making monetary policy expectations more ambiguous.

Lowered Probability of Rate Cuts: Pressure on Outlooks

The likelihood of a U.S. interest rate cut in December has decreased from 64% to 51% according to the FedWatch tool, a significant decline that affects gold outlooks.

This decrease resulted from hawkish statements by Federal Reserve members, including Chair Jerome Powell, who clarified that any additional cut this year is not guaranteed. While lower interest rates typically support gold prices, this shift in expectations has put downward pressure on the metal.

Supporting Factors: The Dollar and Bonds

The DXY dollar index continued its decline for the second consecutive session, making gold more attractive to investors holding other currencies and supporting its prices.

Meanwhile, U.S. Treasury yields rose, increasing the opportunity cost of holding non-yielding gold. This balance between the two factors created a defined price range for the metal during the day.

Chart Analysis and Critical Technical Levels

On the four-hour timeframe, gold shows a gradual recovery after stabilizing above several minor peaks. The formation of an ascending bottom indicates buyers’ desire to regain control of the trend.

The Relative Strength Index (RSI) moves between 60 and 67 points, reflecting positive momentum without entering overbought territory, leaving room for further upside.

Key Resistance Levels:

• 4,188 – 4,200 USD: The strongest near-term technical obstacle; breaking it could open the way for upward movement
• 4,270 USD: Medium-term target for the current bullish wave
• 4,381 USD: The historic peak, representing a critical milestone to determine the upward path of gold

Key Support Levels:

• 4,171 USD: The first support level for the current movement
• 4,046 USD: The foundation of the weekly bullish trend
• 3,928 USD: The last line of defense before a deeper correction

Performance of Other Precious Metals Accelerates

Silver rose by 1.3% to reach $53 per ounce, heading for its best week since September 2024 with a 9.7% increase since the start of the week.

Platinum increased by 1% to $1,596.10 per ounce, while palladium rose by 1.4% to $1,446.31 per ounce. These movements confirm that precious metals continue to benefit from economic pressures and monetary policy expectations.

Summary: Next Movement Scenarios

Gold remains suspended between two scenarios: either continuing the upward wave if expectations of monetary easing return, or entering a deeper correction phase before resuming the overall trend.

The bullish scenario remains the most likely as long as gold stays above $4,171. However, breaking the $4,200 level is the essential condition to resume upward movement toward higher levels. Upcoming economic data and developments in monetary policy will determine the price path in the coming weeks.