empty
 
 
07.11.2025 02:54 PM
Trading Signals for GOLD November 7-11: buy above $4,000 (21 SMA - 5/8 Murray)

This image is no longer relevant

Early in the American session, gold is trading around $3,996, around the psychological level of $4,000, with bullish potential.

Gold is expected to reach 6/8 Murray around $4,062 in the next few hours and could even reach the 21 SMA around $4,084.

The outlook remains positive for gold as it is technically showing oversold levels. The price is likely to reach the key level of 4,110 in the coming days in order to cover the GAP left by October 20.

If the price falls below the 5/8 Murray located at $3,908, the instrument could accelerate its bearish move and could drop to the 4/8 Murray around $3,750.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback