XAUUSD Asia briefing — 2026-11-04

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA alignment drive downside conviction despite bullish FVGs offering pullback resistance. KEY LEVELS R: 3950, 4000 | S: 3900, 3866.02, 3850 NEWS 🔴 ADP Employment Change (Wed 13:15 UTC) 🟡 MBA Mortgage Applications (Wed 12:00 UTC) 🟡 Goods/Services Trade Balance (Wed 13:30 UTC) SESSION OUTLOOK ADP release volatility may trigger liquidity hunts toward 3950 resistance before continuation lower. Watch H1 closes below 3920 for momentum confirmation.

Key Levels

R: 3950.00 · 4000.00 · 4217.47

S: 3900.00 · 3866.02 · 3850.00