Gold price is falling -1.2%
October 23, 2026
NEWS: Gold price is falling -1.2% as it continues facing pressure from a firmer US Dollar.
Possible Scenarios:
If Gold fails to breach through S1 of 3970.4, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3970.4, our Analysis Department expects Gold to extend its losses to its S2 of 3951.21
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3932.01 |
3951.21 |
3970.40 |
3996.00 |
4021.60 |
4040.79 |
4059.99 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.29 |
(+/-) £74.76 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11991
***GBP/USD = 1.33766
Calculations for exchange rate used as of Friday, October 23, 2026, 15:41: GMT +1