Gold (XAUUSD) surged above 4,000 USD
XAUUSD prices reversed upwards, rising to the 4,050 USD area amid continued dollar weakness. Find out more in our analysis for 10 November 2025.
XAUUSD forecast: key trading points
- Market focus: the US government shutdown continues
- Current trend: upward momentum
- XAUUSD forecast for 10 November 2025: 4,100 or 4,000
Fundamental analysis
On Monday, gold gained more than 1%, reaching a two-week high amid growing concerns about the US economy. XAUUSD prices also benefitted from a weaker dollar, which makes dollar-denominated commodities cheaper for foreign buyers.
On Friday, the University of Michigan Consumer Sentiment Index fell to its lowest level in almost three and a half years. The ongoing US government shutdown, now the longest in history, continues to weigh on the dollar.
XAUUSD technical analysis
XAUUSD quotes are rising on the chart, consolidating above the 4,000 USD level. The Alligator indicator has turned upwards, signalling the potential continuation of the upward movement after a brief correction.
The short-term XAUUSD price forecast suggests further growth towards 4,100 USD if the bulls maintain their momentum. However, if the bears regain control, a correction towards the 4,000 USD support level may follow.
Summary
Gold is on the rise, trading near the 4,050 USD area, with the ongoing US government shutdown putting pressure on the USD.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.