Gold price is rising 0.7%
October 6, 2026
NEWS: Gold price is rising 0.7% to its highest level in three days after touching earlier this morning its lowest levels in nine weeks.
Possible Scenarios:
If Gold fails to breach through R1 of 4199.73, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4199.73, our Analysis Department expects Gold to extend its gains to its R2 of 4234.79.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4036.16 |
4071.21 |
4106.27 |
4153.00 |
4199.73 |
4234.79 |
4269.84 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.77 |
(+/-) £75.37 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12646
***GBP/USD = 1.32673
Calculations for exchange rate used as of Tuesday, October 6, 2026, 12:29: PM