Gold price is rising 0.9%
November 6, 2026
NEWS: Gold price is rising 0.9% as investors await today's U.S. Nonfarm Payrolls and unemployment rate data for fresh clues on the Federal Reserve's next move on interest rates.
Possible Scenarios:
If Gold fails to breach through R1 of 4089.64, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4089.64, our Analysis Department expects Gold to extend its gains to its R2 of 4122.07.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3938.29 |
3970.73 |
4003.16 |
4046.40 |
4089.64 |
4122.07 |
4154.51 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.39 |
(+/-) £74.63 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11866
***GBP/USD = 1.33987
Calculations for exchange rate used as of Friday, 06.11.2026, 08:50 GMT