Gold price is rising 1.2%
November 2, 2026
NEWS: Gold price is rising 1.2% on Monday, supported by falling oil prices and a weaker U.S. dollar.
Possible Scenarios:
If Gold fails to breach through R2 of 3952.42, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 3952.42, our Analysis Department expects Gold to extend its gains to its R3 of 3976.30.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3817.10 |
3840.98 |
3864.86 |
3896.70 |
3928.54 |
3952.42 |
3976.30 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.07 |
(+/-) £74.5 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12273
***GBP/USD = 1.34237
Calculations for exchange rate used as of Monday, November 2, 2026, 13:47 GMT