Gold price is falling -1.0%
November 12, 2026
NEWS: Gold price is falling -1.0% to trade at its lowest level in over a week, as expectations increase that the Fed will raise interest rates in December
Possible Scenarios:
If Gold fails to breach through S1 of 3944.14, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3944.14, our Analysis Department expects Gold to extend its losses to its S2 of 3922.50
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3900.86 |
3922.50 |
3944.14 |
3973.00 |
4001.86 |
4023.50 |
4045.14 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €90.17 |
(+/-) £75.34 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10899
***GBP/USD = 1.32723
Calculations for exchange rate used as of Thursday, November 12, 2026, 8:25: AM