Gold price is rising 0.8%
September 30, 2026
NEWS: Gold price is rising 0.8% after US PCE inflation data came in softer than expected.
Possible Scenarios:
If Gold fails to breach through R1 of 4225.39, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4225.39, our Analysis Department expects Gold to extend its gains to its R2 of 4253.43.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4094.53 |
4122.57 |
4150.61 |
4188.00 |
4225.39 |
4253.43 |
4281.47 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.94 |
(+/-) £75.18 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.13714
***GBP/USD = 1.33021
Calculations for exchange rate used as of Wednesday, September 30, 2026, 1:43: PM