Gold Holds Near Pivot as Downward Bias Persists
WED 4 NOV · 13:33 ICT · XAUUSD 3,998.0
IN 20 SECONDS
The daily and 4-hour trends point to a downside bias, with the 3,935 pivot deciding the direction.
The key zone today centers around the 3,935 pivot and yesterday's high of 3,971.3.
The main scheduled news is the CPI Flash Estimate y/y at 17:00 Bangkok time.
What gold did yesterday
Gold edges lower yesterday, opening at 3,948.1, reaching a high of 3,971.3 and a low of 3,895.4 before closing at 3,938.2 for a change of -$9.9.
Levels that matter today
| Level | Price | Why it matters |
|---|---|---|
| R2 | 4,083.0 | 10-day high |
| R1 | 3,971.3 | Yesterday’s high |
| Pivot | 3,935.0 | Yesterday’s pivot (H + L + C) / 3 |
| S1 | 3,895.4 | Yesterday’s low |
| S2 | 3,870.0 | 10-day low |
Trend (close vs a rising or falling EMA50): D1 down · H4 down · H1 up.
News to watch (Bangkok time)
Two scenarios
IF THE PIVOT HOLDS
If the price holds the pivot area, traders can watch for a test of yesterday's high at 3,971.3 or resistance at R2.
IF IT BREAKS
If the price breaks below the pivot area, attention shifts toward yesterday's low at 3,895.4 and support at S2.
Gold Brief is written with AI from official calendars and XAUUSD price data, with every price computed by code and checked against fixed rules. It is market commentary for education, not financial advice or a trade signal. Market data by biquote. Risk Disclosure