Gold price is falling -1.5%
November 3, 2026
NEWS: Gold price is falling -1.5% as rising oil prices fuel inflation concerns and continue to weigh on precious metals.
Possible Scenarios:
If Gold fails to breach through S1 of 3865.72, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3865.72, our Analysis Department expects Gold to extend its losses to its S2 of 3840.22
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3814.72 |
3840.22 |
3865.72 |
3899.72 |
3933.72 |
3959.22 |
3984.72 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.34 |
(+/-) £74.54 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11936
***GBP/USD = 1.34162
Calculations for exchange rate used as of Tuesday, November 3, 2026, 08:46 GMT