September 17, 2026
NEWS: Gold price is rising 1.4% after recently touching its lowest level in six weeks.
Possible Scenarios:
If Gold fails to breach through R1 of 4378.57, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4378.57, our Analysis Department expects Gold to extend its gains to its R2 of 4411.25.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4226.08 |
4258.75 |
4291.43 |
4335.00 |
4378.57 |
4411.25 |
4443.92 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.13 |
(+/-) £74.68 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14766
***GBP/USD = 1.33896
Calculations for exchange rate used as of Thursday, September 17, 2026, 08:48 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.