September 24, 2026
NEWS: Gold price is rising 0.6%, rebounding within the key $4,300–$4,250 support area, which is being tested for the eighth time since early August.
Possible Scenarios:
If Gold fails to breach through R1 of 4314.75, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4314.75, our Analysis Department expects Gold to extend its gains to its R2 of 4340.81.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4193.13 |
4219.19 |
4245.25 |
4280.00 |
4314.75 |
4340.81 |
4366.87 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.96 |
(+/-) £75.62 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.13685
***GBP/USD = 1.32247
Calculations for exchange rate used as of Thursday, September 24, 2026, 13:57 GMT+1
Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.