XAUUSD Analysis Today: November 12, 2026

 Technical Trends

• Short Term = Bearish
• Medium Term = Bearish
• Long Term = Bearish

Technical Review

On the H4 timeframe, Gold has yet to show significant trend strength as prices remain capped by a strong Resistance zone at 4,012–4,067. This indicates that bullish momentum is not yet strong enough to sustain further upside. Prices also have the potential to form an ABC Correction pattern, opening the door for a decline toward the nearest Support zone at 3,920–3,869. As long as prices fail to break above the resistance area, downside correction risks remain a key focus.

Commodity Pick

Fundamental 

Gold prices remained under pressure after October US CPI rose 0.4%, exceeding market expectations of 0.3%, thereby strengthening the USD and heightening expectations of a tighter Federal Reserve policy stance. Spot gold fell to around US$3,986 per troy ounce, while markets priced in roughly an 87% probability of a 25-basis-point rate hike in December, with odds of an even larger hike also starting to climb. Higher interest rates and elevated US Treasury yields reduce the appeal of non-yielding gold, although ongoing central bank gold purchases continue to provide long-term price support. (Reuters).

 

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