Gold price is falling -0.9%
October 26, 2026
NEWS: Gold price is falling -0.9% as a stronger dollar pressured metal prices, ahead of Wednesday’s Fed interest rate decision
Possible Scenarios:
If Gold fails to breach through S1 of 3988.85, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3988.85, our Analysis Department expects Gold to extend its losses to its S2 of 3969.24
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3949.63 |
3969.24 |
3988.85 |
4015.00 |
4041.15 |
4060.76 |
4080.37 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.47 |
(+/-) £74.99 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11769
***GBP/USD = 1.33353
Calculations for exchange rate used as of Monday, October 26, 2026, 2:00: PM