Gold sinks to its 1-year low; can a gap-up opening on November 2 signal a recovery? - Moneycontrol.com

AI desk brief

Gold sank to its lowest level since October 2025, with US gold futures down 3.63% to near $3,885/oz. The piece frames the move as technically oversold, with analysts looking for a gap-up opening on November 2 and warning that any rebound may be temporary unless prices break decisively above resistance zones.

Near-term trading is framed around whether buyers can defend the post-drop bounce; otherwise, fresh selling interest could re-emerge on rallies.