October 2, 2026
NEWS: Gold price is rising 1.1% after NFP was reported much lower than expected and unemployment ticked up to 4.2%.
Possible Scenarios:
If Gold fails to breach through R1 of 4220.09, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4220.09, our Analysis Department expects Gold to extend its gains to its R2 of 4246.42.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4097.26 |
4123.58 |
4149.91 |
4185.00 |
4220.09 |
4246.42 |
4272.74 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.05 |
(+/-) £75.75 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12298
***GBP/USD = 1.32021
Calculations for exchange rate used as of Friday, October 2, 2026, 13:34: GMT +1
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