Gold 1H | The 4,013–4,023 retest after the November breakdownGoldOANDA:XAUUSDSmart_GrowthNov 12 | Conditional buy plan Trigger — Gold first trades into the 3,960–3,970 breakout base, then closes a 1H candle above 3,970. The pullback must hold 3,970 before the entry box becomes actionable. If the retest never comes, skip the setup. Entry box 3,970–3,972 (reference 3,971) Stop 3,957, below the base. If price reaches it before entry, cancel the setup. TP1 3,998 | 1.93R — just below 4,000 TP2 4,013 | 3.00R — front edge of the broken 1H support zone TP3 4,060 | 6.36R — below the 4,067 lower high. This extension needs acceptance above 4,023. R multiples use the 3,971 midpoint and 3,957 stop, before spread and slippage. This is a countertrend bounce scenario while the larger hourly lower high holds. Gold is back below 4,000 after two tests of the 4,140–4,149 area. The level we’re watching on the next bounce is 4,013–4,023. That pocket held the first selloff, produced a rebound to 4,067, then gave way. The next test will show whether it has flipped to resistance. Weekly and daily structure The weekly advance from 2025 gave way to a 2026 correction, with a series of lower highs after the peak near 5,600. On the daily chart, gold’s rebound from the late-October low near 3,870 stalled below the October swing highs around 4,200–4,225. That leaves the November rally inside the broader correction. The 3,870–3,900 area is the deeper daily reference if the November breakout base fails. 4H and 1H structure The 4H chart shows two pushes into 4,140–4,149 and a sharp rejection on the second. On 1H, the close through the prior higher low near 4,085 is the bearish CHoCH. Gold then rebounded to a lower high at 4,067 and broke below the 4,013–4,023 reaction zone. That second break is the bearish BOS. Spot is below all four lines of the moving-average ribbon at the snapshot. The faster lines are turning down, with the slowest still below the faster averages. The swing breaks carry more weight here than the ribbon alone. Dollar, oil and yields Nov 11 intraday snapshots had DXY around 102.9 and WTI near $87. Dollar strength alongside weaker gold fits the selloff. WTI was firmer intraday, while the continuous contract was still lower over five sessions on TradingView. Oil adds context for inflation expectations. For rates, the U.S. Treasury’s official 10-year par yield rose from 4.88% on Nov 9 to 4.98% on Nov 10. Nov 11 was Veterans Day, so 4.98% is the latest official observation available at the snapshot. The BLS reported October headline CPI at +0.4% m/m and core CPI at +0.3% m/m on Nov 10. The combination of a firm dollar and higher yields is consistent with pressure on gold. A softer dollar and lower yields when cash Treasuries reopen would make a gold reclaim more convincing. What would change the read • Continuation. A bounce that rejects 4,013–4,023, followed by an hourly close below 3,983, puts the 3,960–3,970 breakout base in focus. Sustained trade below that band brings the 3,920 area and then 3,870–3,900 into view. • Reclaim. An hourly close above 4,023 and a pullback that holds the zone would weaken immediate continuation. A subsequent close above 4,067 would break the last hourly lower high and bring 4,085 back into play. The broader 4H reversal still has 4,140–4,149 overhead. • Range. If 3,983 holds while 4,013–4,023 caps rebounds, the market is still deciding between those paths. Chart is OANDA XAUUSD, 1H. Macro references are TradingView DXY and NYMEX WTI, U.S. Treasury daily par yields and the BLS October CPI release.