Gold Faces Risk of Additional Losses – Market Analysis (03 November 2025)

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Gold declined in its latest intraday session, pressured by continued trading below the 50-period EMA, which limits near-term recovery prospects. The short-term bearish corrective trend remains dominant, continuing to guide the pair lower.

Meanwhile, the relative strength indicators continue to generate negative signals following the price’s earlier overbought condition, suggesting the potential for further downside unless the price manages to break above its nearby resistance.

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