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Nov 14, 2025
Reasons behind today’s gold downturn
Economic and monetary pressures push gold lower
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Gold prices witnessed a significant decline today, November 14, 2025, dropping to $4,066.50 per ounce, following a strong upward surge over the past weeks. This decrease comes as a result of a set of economic factors that have affected investors' appetite for safe-haven assets. |
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The rise in U.S. bond yields has also contributed to increasing the attractiveness of fixed-income assets compared to gold, which provides no yield, prompting some investors to rebalance their investment portfolios.
In addition, the increased risk appetite in stock markets, especially with the rise of the Nasdaq and Dow Jones indices, has led to liquidity exiting commodity markets and moving towards higher-risk assets.
Despite this decline, gold remains supported in the medium term by geopolitical factors and inflationary concerns that could bring investors back to it again.
On the 1-hour chart, gold is trading within a short-term ascending channel. Despite the recent pullback, the price remains above the lower boundary of the channel, keeping the potential for a rebound intact. Gold is currently facing a key resistance area around 4110 – 4125, which has capped price attempts to move higher. Meanwhile, the MACD indicator shows a relative weakening in momentum, reflecting buyer hesitation to push the price upwards.
On the support side, the pivotal area lies around 4040 – 4020, representing the lower boundary of the ascending channel. Price is expected to react to this level if selling pressure continues.
Outlook:
- If gold manages to break above 4125 with a clear close and sustain above the channel, it could move toward 4160 and then 4190.
- However, if 4020 is broken, the price is likely to exit the ascending channel and head toward 3980 as the next support level.