Gold price is rising 1.0%
October 20, 2026
NEWS: Gold price is rising 1.0% as the US Dollar continues to soften and as reports emerge of potential new agreement between the USA and Iran.
Possible Scenarios:
If Gold fails to breach through R2 of 4174.04, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 4174.04, our Analysis Department expects Gold to extend its gains to its R3 of 4195.05.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4054.95 |
4075.96 |
4096.98 |
4125.00 |
4153.02 |
4174.04 |
4195.05 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.83 |
(+/-) £74.59 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12575
***GBP/USD = 1.34070
Calculations for exchange rate used as of Tuesday, October 20, 2026, 15:30: GMT +1