Gold price is rising 0.8%
November 3, 2026
NEWS: Gold price is rising 0.8% after falling below $3,900 and approaching its lowest level in one year.
Possible Scenarios:
If Gold fails to breach through R1 of 3968.00, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 3968.00, our Analysis Department expects Gold to extend its gains to its R2 of 3993.50.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3849.00 |
3874.50 |
3900.00 |
3934.00 |
3968.00 |
3993.50 |
4019.00 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.45 |
(+/-) £74.56 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11797
***GBP/USD = 1.34114
Calculations for exchange rate used as of Tuesday, November 3, 2026, 13:10 GMT+1