Gold price is falling -1.2%
November 10, 2026
NEWS: Gold price is falling -1.2% after investors booked profits following bullion’s strong rally in the previous session, while attention turned to upcoming U.S. inflation data for clues on the Federal Reserve’s monetary policy outlook.
Possible Scenarios:
If Gold fails to breach through S1 of 4041.64, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4041.64, our Analysis Department expects Gold to extend its losses to its S2 of 4012.52
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3983.39 |
4012.52 |
4041.64 |
4080.48 |
4119.32 |
4148.44 |
4177.57 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.12 |
(+/-) £74.48 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12200
***GBP/USD = 1.34265
Calculations for exchange rate used as of Tuesday, November 10, 2026, 10:19: AM