XAUUSD analysis, 12 November 2026: Gold trades below the 20-day average after a $45 range
Daily levels for Thursday 12 November 2026: pivots from the previous session, moving averages, average daily range and what the session did with them. Education, not signals.
Where gold is now
Spot gold is trading at $3,957.6, below the 20, 50 and 200-day averages, and below the daily pivot at $4,008.1. The nearest pivot levels are P at $4,008.1 above and S1 at $3,955.0 below. If price holds above S1, the P level is the next one traders watch; if it loses S1, attention moves to the level under it. The market came into the session after 2 consecutive down days. So far today the range is $45.3, about 49% of the 14-day average ($91.8): narrow range, and a lower low against 11 Nov 2026. The nearest round numbers are $4,000 above and $3,950 below.
ADR(14) $91.8 · ADR(20) $84.0 · 10-day realised volatility 30.8% annualised
Daily pivots from 11 Nov 2026 H $4,061.2 · L $3,976.1 · C $3,987.0
| Pivot | Classic | Fibonacci | Price vs classic | % |
|---|---|---|---|---|
| R3 | $4,125.2 | $4,093.2 | -167.6 | -4.06% |
| R2 | $4,093.2 | $4,060.7 | -135.6 | -3.31% |
| R1 | $4,040.1 | $4,040.6 | -82.5 | -2.04% |
| P | $4,008.1 | $4,008.1 | -50.5 | -1.26% |
| S1 | $3,955.0 | $3,975.6 | +2.6 | +0.07% |
| S2 | $3,923.0 | $3,955.5 | +34.6 | +0.88% |
| S3 | $3,869.9 | $3,923.0 | +87.7 | +2.27% |
Moving averages, swing levels and round numbers
| Level | Price | Spot price vs level | % |
|---|---|---|---|
| 20-day SMA | $4,050.7 | -93.1 | -2.30% |
| 50-day SMA | $4,191.7 | -234.1 | -5.58% |
| 200-day SMA | $4,473.0 | -515.4 | -11.52% |
| 52-week high 29 Jan 2026 | $5,572.7 | -1,615.1 | -28.98% |
| 52-week low 30 Oct 2026 | $3,865.8 | +91.8 | +2.37% |
| Prior week high | $4,142.3 | -184.7 | -4.46% |
| Prior week low | $3,875.5 | +82.1 | +2.12% |
| Prior week close | $4,061.4 | -103.8 | -2.56% |
| Prior month high Oct 2026 | $4,245.5 | -287.9 | -6.78% |
| Prior month low Oct 2026 | $3,865.8 | +91.8 | +2.37% |
| Round number above | $4,000.0 | -42.4 | -1.06% |
| Round number below | $3,950.0 | +7.6 | +0.19% |
Education, not signals. Levels for spot XAUUSD: calculated from COMEX gold futures daily data minus the futures-spot basis of $13.50 (COMEX close minus spot close on 11 Nov 2026 (pre-close spot reading)). All prices, levels and ranges on this page are in those spot terms; your broker's XAUUSD quote can still differ slightly. Nothing here is a buy or sell recommendation, a target or a forecast. Risk disclaimer.
So far this session
Gold opened at $3,980.5, traded between $3,947.1 and $3,992.4 (a $45.3 range, 49% of ADR(14)) and closed at $3,949.7, -37.3 (-0.94%) on the day. The session touched S1, and the close was below the daily pivot ($4,008.1) and below the 20, 50 and 200-day averages that were on the chart at the open. It was a lower low with narrow range versus the 14-day average. That made 3 down closes in a row.
Chart of the 12 Nov 2026 session with its levels
Pivot P R1/R2, S1/S2 Previous day high/low Previous week high/low 200-day SMA Live spot
Candles: COMEX gold futures (GC=F) 1-hour bars via Yahoo Finance, converted to spot terms (the same futures-spot basis as the levels, $13.50); H4 candles are four 1-hour bars from 00:00 UTC; D1 from the daily data. Last completed hourly bar ended . Times on the axis are in your time zone.
Session ranges
Asia, London and New York
| Session (your time) | High | Low | Range |
|---|---|---|---|
| Asia (Tokyo) – | $3,992.4 | $3,954.2 | $38.2 so far |
| London – | not started | ||
| New York – | not started | ||
Asia = Tokyo 09:00–18:00 (00:00–09:00 UTC); London and New York = 08:00–17:00 local. From hourly bars in spot terms.
Frequently asked questions
What was the daily pivot for gold on 12 November 2026?
The classic pivot was $4,008.1, with R1 at $4,040.1, R2 at $4,093.2, S1 at $3,955.0 and S2 at $3,923.0, all calculated from the 11 Nov 2026 high ($4,061.2), low ($3,976.1) and close ($3,987.0). During the session price touched S1.
How big was gold's range on 12 November 2026 compared with its average?
Gold traded between $3,947.1 and $3,992.4, a $45.3 range, which was 49% of the 14-day average daily range of $91.8 (narrow range). The 20-day ADR was $84.0 and 10-day realised volatility was 30.8% annualised.
Where did gold close relative to its moving averages on 12 November 2026?
Gold closed at $3,949.7, below the 20, 50 and 200-day averages. The 20-day SMA was $4,050.7, the 50-day $4,191.7 and the 200-day $4,473.0, measured from the closes before that session. This is a description of where price sat, not a signal.
Generated automatically from COMEX gold futures daily and hourly data, converted to spot XAUUSD terms with the futures-spot basis. Education, not signals. Not financial advice. Levels differ slightly between brokers and data feeds. See our risk disclaimer.