Gold Bearish Bias Intact Below 4,008 Pivot
THU 12 NOV · 13:33 ICT · XAUUSD 3,979.6
IN 20 SECONDS
The intraday bias remains down while price stays below the 4,008 pivot level.
Traders are monitoring the key support zone around yesterday's low at 3,978.2 and resistance at 4,067.2.
Key scheduled economic news includes UK GDP data releasing at 14:00.
What gold did yesterday
Gold plunged yesterday, opening at 4,038.7 and reaching a high of 4,067.2 before sliding to a low of 3,978.2. It settled near its lows at 3,978.7, marking a large loss of -$60.2 on the day.
Levels that matter today
| Level | Price | Why it matters |
|---|---|---|
| R2 | 4,148.7 | 10-day high |
| R1 | 4,067.2 | Yesterday’s high |
| Pivot | 4,008.0 | Yesterday’s pivot (H + L + C) / 3 |
| S1 | 3,978.2 | Yesterday’s low |
| S2 | 3,883.1 | 10-day low |
Trend (close vs a rising or falling EMA50): D1 down · H4 down · H1 down.
News to watch (Bangkok time)
Two scenarios
IF THE PIVOT HOLDS
If price holds below the 4,008 pivot area, sellers may keep control and test yesterday's low at 3,978.2, with the 10-day low at 3,883.1 as further support.
IF IT BREAKS
A sustained move above 4,008 would weaken the immediate bearish pressure and shift focus toward yesterday's high of 4,067.2.
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