Gold sets up below pivot following yesterday's large gain
TUE 3 NOV · 19:49 ICT · XAUUSD 3,906.1
IN 20 SECONDS
The main bias remains down while price stays below the pivot at 3,936.5.
Watch the R1 resistance at 3,970.5 and S1 support at 3,891.0 today.
No major economic news is scheduled for release today.
What gold did yesterday
Gold surged yesterday, opening at 3,898.4 and closing higher at 3,948.0 for a +$49.5 gain. During the session, it hit a high of 3,970.5 and a low of 3,891.0.
Levels that matter today
| Level | Price | Why it matters |
|---|---|---|
| R2 | 4,126.4 | 10-day high |
| R1 | 3,970.5 | Yesterday’s high |
| Pivot | 3,936.5 | Yesterday’s pivot (H + L + C) / 3 |
| S1 | 3,891.0 | Yesterday’s low |
| S2 | 3,870.0 | 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 below the 3,936.5 pivot, look for sellers to target S1 at 3,891.0 and S2 at 3,870.0.
IF IT BREAKS
A sustained move above 3,936.5 shifts focus toward the upper resistance at R1 3,970.5.
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