Gold Slides on Downward Trend Across Timeframes
THU 12 NOV · 19:49 ICT · XAUUSD 3,944.4
IN 20 SECONDS
The current bias is down, with the pivot level at 4,008.0 deciding market direction.
The key zone to watch today centers around the pivot at 4,008.0 and yesterday's low at 3,978.2.
There is no major scheduled news for today.
What gold did yesterday
Gold staged a large downward move yesterday, opening at 4,038.7 and reaching a high of 4,067.2 before sliding to a low of 3,978.2 and closing at 3,978.7 for a change of -$60.2.
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)
No high-impact releases are scheduled for the rest of today.
Two scenarios
IF THE PIVOT HOLDS
If price holds near the pivot area, traders should watch for continued respect of the downward trend across the one-hour, four-hour, and daily timeframes.
IF IT BREAKS
If price breaks below yesterday's low of 3,978.2, further downside movement toward the ten-day low of 3,883.1 could come into focus.
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