GOLD (XAU/USD) – November 4, 2026 | 1-Hour Trading OutlookGoldOANDA:XAUUSDglobuscapitasGold is trading around $3,938, recovering strongly after a sharp intraday decline. Price is now approaching a crucial resistance zone at $3,934–$3,949. The next move could determine the short-term direction. 🎯 Key Levels to Watch $3,934 – POC 🔴 Resistance Levels $3,949 – Key resistance $3,961 – Major upside hurdle $3,972 – Extended upside target 🟢 Support Levels $3,917 – Immediate support $3,907 – Key support $3,897 – Major downside support 📈 Trading Strategy Bullish Scenario: Sustained trading above $3,934, followed by a decisive breakout above $3,949, could open the way towards $3,961 and $3,972. Bearish Scenario: Rejection around $3,934–$3,949, followed by a breakdown below $3,917, could trigger a move towards $3,907 and $3,897. ⚡ Market View: Gold is attempting a recovery, but confirmation is essential. Watch price action around $3,934 and $3,949 before taking a directional position. Avoid chasing the move. Trade Smart. Protect Capital. Let Price Confirm.