Gold price is falling 0.8%
November 11, 2026
NEWS: Gold price is falling 0.8% as the U.S. dollar reaches its highest level in 19 months, supported by rising expectations of further Federal Reserve interest rate hikes.
Possible Scenarios:
If Gold fails to breach through S1 of 3986.35, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3986.35, our Analysis Department expects Gold to extend its losses to its S2 of 3954.12
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3921.89 |
3954.12 |
3986.35 |
4029.32 |
4072.29 |
4104.52 |
4136.75 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €90.16 |
(+/-) £75.33 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10909
***GBP/USD = 1.32747
Calculations for exchange rate used as of Wednesday, November 11, 2026, 14:24 GMT