Weekly gold cheat sheet: week of 2 Nov
The one-page gold cheat sheet for the week of 2 November 2026: last week’s range, this week’s levels to watch, the events that move gold in your time zone, seasonality and a checklist. Free, printable, education only.
XAUUSD Global · Weekly gold cheat sheet
Week of 2 November 2026 (2–6 Nov 2026)
1. Last week 26 Oct – 30 Oct 2026
| Open | $3,989.7 |
|---|---|
| High | $4,074.7 |
| Low | $3,856.8 |
| Close | $3,876.4 |
| Change on the week | -109.0 (-2.72%) |
| Range (high − low) | $217.9 |
| Typical weekly range mean of 12 weeks | $192.8 |
Gold fell $109.0 on the week; the $217.9 range was wider than a typical week. Biggest day: Friday 30 Oct, -132.5 (-3.29%).
2. Levels to watch this week spot XAUUSD, high to low
| Level | Price |
|---|---|
| R2 weekly pivot | $4,153.9 |
| Last week high | $4,074.7 |
| R1 weekly pivot | $4,015.1 |
| P weekly pivot | $3,936.0 |
| Round number | $3,900.0 |
| Last week close | $3,876.4 |
| Last week low | $3,856.8 |
| Round number | $3,850.0 |
| S1 weekly pivot | $3,797.2 |
| S2 weekly pivot | $3,718.1 |
Classic weekly pivots from last week’s high, low and close (P = (H + L + C) / 3). These are reference levels where many traders look for a reaction. They are not buy or sell signals and price can go straight through them.
3. Events that can move gold times in your time zone
- US ISM manufacturing PMI (October) medium gold reaction historyFirst big US data of the week; the prices index feeds inflation worries.
- US JOLTS job openings (September) medium gold reaction historyLabour-market tightness; feeds Fed expectations.
- US midterm election results (polls close Nov 3, 6 pm–1 am ET) highPolicy and deficit expectations; results arrive in the thin Asian session.
- US ISM services PMI (October) medium gold reaction historyServices make up most of the US economy; prices paid feed Fed expectations.
- Bank of England rate decision mediumMoves GBP and the dollar index.
- US jobs report (NFP, October) high gold reaction historyStrong jobs and wages raise hike odds and can move gold sharply.
From the site’s economic calendar; how gold reacted to each release type: gold event pages. Times are stored in UTC and shown in your own time zone (named after each time). Gold reacts to the surprise against the forecast, and spreads often widen in the minutes around a release.
4. Seasonality: November last 10 years
- Average-0.42%
- Median-0.04%
- Up years5 of 10
Best November: 2025 (+6.47%). Worst: 2016 (-7.92%). History is a backdrop, not a forecast: with only 10 years, one big year moves the average a lot. Full seasonality table.
5. What traders watch this week a checklist
- Where is price against the weekly pivot P ($3,936.0)? Above it, traders treat R1 ($4,015.1) as the next reference; below it, S1 ($3,797.2).
- Mark last week’s high ($4,074.7) and low ($3,856.8). A clean break and hold beyond either often changes the week’s character.
- Note when the high-impact releases land in your time zone: US midterm election results (), US jobs report (). Decide in advance whether you stay flat through them.
- Size every trade for a normal week: the typical weekly range is $192.8 and the 14-day average daily range is $73.3. A stop inside the normal daily noise gets hit often.
- Watch the US dollar index and the 10-year yield on the scoreboard: gold has usually moved against both, but the link changes over time, so check the correlation column.
- Write the plan before the session (level, reason, stop, size) and skip trades that are not on it.
The week so far through 2 Nov 2026
Range $3,866.5 – $3,958.3, latest close $3,934.8 (+67.3 from the week’s open). Levels touched: P.
Same spot conversion as the sheet (COMEX daily data minus the basis used above).
Education only, not signals: levels to watch, not buy or sell instructions. Nothing here is personalised advice or a prediction. Source: xauusdglobal.com/gold-cheat-sheet/2026-11-02/ · Risk disclaimer.