Gold price is falling -0.5%
October 12, 2026
NEWS: Gold price is falling -0.5%. Investors were looking to Wednesday’s U.S. consumer price index report for clues on the Federal Reserve’s next policy move.
Possible Scenarios:
If Gold fails to breach through S1 of 4160.16, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4160.16, our Analysis Department expects Gold to extend its losses to its S2 of 4137.77
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4115.39 |
4137.77 |
4160.16 |
4190.00 |
4219.84 |
4242.23 |
4264.61 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.26 |
(+/-) £75.5 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12035
***GBP/USD = 1.32459
Calculations for exchange rate used as of Monday, October 12, 2026, 8:58: AM