According to FinanceFeeds technical analysis on November 5, gold rebounded from the 3,890 weekly support level and formed a weekly Bullish Engulfing candlestick reversal pattern. The price action reversed from the support zone comprising the 3,890 level (held since October 2025) and the lower weekly Bollinger Band. Gold can be expected to rise toward the next resistance level at 4,200, which previously halted the correction in October.

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