XAU/USD AI Live Scan, 4-hour chart, Wednesday, 11 November 2026
Every read JAFX AI made on the XAU/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:05 UTC
Pullback deepening, below both EMAs · RSI 38 · price 3,987.73
Double top at 4147-4148 broken below the 4027.52 neckline; higher-low sequence from 3870.26 lost.
Twin rejections at 4146.92 and 4148.52 formed a double top. Tuesday's hot US CPI then drove the slide through the 4027.52 neckline, ending the higher-low sequence that began at the 3870.26 major low. Price now sits under the 4000 psych level and below an ema20 (4052.19) that is rolling over toward the ema50 (4049.39). It is testing the 61.8% retracement of the 3870-4148 swing, which lines up with the 3975.7 swing low. RSI at 37.9 has slid from the low 60s without reaching oversold. ATR(14) has compressed from about 4090 to 3334 pips even as the range widened lower.
Support: 3,975.70, 3,870.26
Resistance: 4,000.00, 4,027.52, 4,052.19
What it said to watch
H4 close below the 3975.7 swing low and 61.8% fib exposes the 3870.26 major low
Reclaim of 4000 psych and an H4 close back above the 4027.52 neckline would undercut the double-top read
ema20 crossing below ema50 near 4050 would confirm the swing rollover; that zone caps rebounds while above price
Thu jobless claims and Fed speakers, then Fri core PPI (f/c 5%), could shift hike pricing and materially move this read
Price holding back below the broken rising line from 3870.26 keeps the higher-low structure voided
Gold has carved a double top at 4146.92/4148.52. The hot US CPI print knocked price back from the second peak, and the latest leg has closed below the 4013.74 neckline for a lower low under 4027.52. Price sits below both EMA(20) at 4058.97 and the ema50 at 4051.91, and the EMA(20) is sloping down toward it. ATR(14) has contracted from around 4000 to 3494 pips, so the break is coming on calmer ranges. The next floor is the late-October swing low at 3975.7, which lines up with the 61.8% rally fib of the 3870.26 to 4148.52 advance, while lower highs at 4148.52 and 4066.97 define the upper boundary.
Support: 3,975.70, 3,870.26
Resistance: 4,013.74, 4,051.91, 4,148.52
What it said to watch
H4 close back above the 4013.74 neckline would mark the double top break as a false break
Failure to hold the 3975.7 swing low / 61.8% rally fib opens the path toward the 3870.26 window low
EMA(20) crossing below the ema50 would confirm the swing rolling over
Reclaim of the lower highs trendline near 4066.97 negates the bearish structure
Thu jobless claims and Fed speakers, then Fri core PPI YoY (f/c 5%), could materially shift this read
14:04 UTC
Rolling over from double top, momentum soft · RSI 45 · price 4,032.80
Lower highs under 4198.77; 4027 neckline probed.
Gold has carved a double top at 4146.92/4148.52. The hot US CPI print knocked price through the 4027 neckline to the 4013.74 cpi low, near the 50% fib of the rally from the 3870.26 swing low. The rebound stalled at 4066.97 under a falling ema20, price sits back below the ema50 with the ema20 converging on it, and ATR(14) has compressed from ~4,000 to 3,415 pips beneath the lower highs line from 4198.77.
Support: 4,013.74, 4,000.00, 3,870.26
Resistance: 4,065.91, 4,148.52
What it said to watch
H4 close back above the ema20 at 4065.91 negates the double top read
Failure to hold the 4013.74 cpi low confirms the neckline break and exposes 4000 psych and the 61.8% fib near 3976
An ema20 cross below the ema50 would flip the swing signal
Thu jobless claims and Fedspeak, then Fri core PPI (f/c 5%), could materially shift this read
A move through the 4148.52 double top and the lower highs line would break the multi-week capping structure; 3870.26 swing low is the deeper structural floor
10:04 UTC
Range after a lower high, momentum fading · RSI 47 · price 4,054.92
Double top at 4146-4148 under a 4198 lower high, bounce off the CPI low.
The recovery from the 3870.26 swing low stalled twice at 4146-4148, forming a double top below the 4198 high, and the hot US CPI print sent price to the 4013.74 CPI low. The bounce is now pressing the ema50 at 4054.97 from below, with the ema20 at 4068.85 turning lower toward it and RSI neutral at 47.3. ATR(14) has compressed from about 4,000 to 3,494 pips, so the 4013-4148 range is narrowing into Friday's PPI.
Support: 4,013.74, 4,000.00, 3,870.26
Resistance: 4,054.97, 4,068.85, 4,148.52
What it said to watch
H4 close above the ema20 at 4068.85 and the 38.2% fib near 4065 would ease the double top read
Failure to hold the 4013.74 CPI low exposes the 4000 round number, then the 3870.26 swing low
An ema20 cross below the ema50 would confirm the swing rolling over
Thu jobless claims and Fedspeak, then Fri core PPI (f/c 5%), could materially shift this read
A break above the 4148.52 double top would end the lower-highs sequence from 4198
Double top at 4147-4149 capping a 4014-4149 range.
Gold has carved a double top at 4146.92/4148.52 off the late-October 3870.26 low. Tuesday's hot US CPI print flushed price through the 4027.52 neckline, but the 4013.74 swing low held near the 50% level of the rally fib, and the neckline break has so far proved a false break. Price now sits between a flat ema50 at 4055.15 and a rolling-over ema20 at 4070.77, with RSI 48.6 neutral and ATR(14) easing from about 4,000 to 3,606 pips, which points to compression inside the 4014-4149 range.
Support: 4,055.15, 4,013.74, 4,000.00
Resistance: 4,070.77, 4,148.52, 4,198.77
What it said to watch
H4 close below the 4013.74 swing low confirms the double top and exposes the 4000 psych handle, then the 61.8% rally fib near 3976
Sustained trade back above the ema20 at 4070.77 shifts the focus back to the 4146-4149 double top
A break above the double top reopens the 4198.77 prior high
Thursday's Fed speaker slate and Friday's US PPI (MoM f/c 0.4%) could materially shift this read
02:03 UTC
Recovery stalled, rolling over below EMAs · RSI 46 · price 4,045.73
Double top at 4147-4148 inside a 4013-4148 range.
The rebound from the 3870 swing low stalled at twin highs of 4146.92 and 4148.52, forming a double top with a neckline near the 4027 pivot. The hot US CPI drove a slide to the 4013.74 cpi low, and price is now below both the ema20 (4072) and the ema50 (4055), with the EMA20 turning lower toward the EMA50 and RSI back below 50. ATR(14) has eased from around 4,090 to 3,681 pips, so ranges are compressing just above the 4000 psych handle, which sits close to the 50% retracement near 4009.
Support: 4,013.74, 4,000.00, 3,870.26
Resistance: 4,055.02, 4,072.06, 4,148.52
What it said to watch
An H4 close below the 4013.74 cpi low and 4000 psych would confirm the double top and expose the 61.8% retracement near 3976
A recovery back above the ema50 at 4055 and the ema20 at 4072 would neutralise the double top read and reopen the 4148 highs
An ema cross, with EMA20 slipping under EMA50, would mark a shift in multi-day swing structure
Thu jobless claims and Fed speakers, then Fri US PPI, could materially shift this read
Failure to hold 4000 leaves the 3870 swing low as the next structural floor