Gold price is falling -0.6%
October 22, 2026
NEWS: Gold price is falling -0.6% to trade at a two-month low, as a firmer dollar pressured metal prices
Possible Scenarios:
If Gold fails to breach through S1 of 4060.51, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4060.51, our Analysis Department expects Gold to extend its losses to its S2 of 4043.64
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4026.77 |
4043.64 |
4060.51 |
4083.00 |
4105.49 |
4122.36 |
4139.23 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.26 |
(+/-) £74.81 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12033
***GBP/USD = 1.33674
Calculations for exchange rate used as of Thursday, October 22, 2026, 12:21: PM