CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
September 23, 2026
NEWS: Gold price is falling -0.6% after the US Dollar strengthens on the back of much stronger than expected economic data.
Possible Scenarios:
If Gold fails to breach through S1 of 4279.36, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4279.36, our Analysis Department expects Gold to extend its losses to its S2 of 4251.14
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4222.91 |
4251.14 |
4279.36 |
4317.00 |
4354.64 |
4382.86 |
4411.09 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.78 |
(+/-) £75.44 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.13921
***GBP/USD= 1.32548
Calculations for exchange rate used as of Wednesday, September 23, 2026, 15:26: GMT +1