Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

Live Updates  >  Live Update Details

2026-11-02 13:16:24

[Spot Gold Technical Analysis: Daily Chart Signals Bearish, Watch for $3880 Support] 1. Technical analysis suggests spot gold may retest the $3880 support level per ounce; a break below this level could lead to further declines towards the $3824-$3858 range. 2. Resistance is at $3913; a break above this level could lead to a rise towards $3932-$3947. 3. The daily chart shows a very bearish signal. In the long term, the downtrend from the January high of $5596 may have resumed, as the market has broken below the June low of $3944. 4. The C wave that began at $4696 is driving the downtrend, with a target range of $3053-$3680, defined by the 100% and 61.8% Fibonacci retracement levels. Another forecast analysis of the decline from $4511 shows a realistic target range of $3779-$3840.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4056.69

-32.11

(-0.79%)

XAG

51.688

-0.097

(-0.19%)

CONC

91.10

0.58

(0.64%)

OILC

99.11

-0.03

(-0.03%)

USD

101.910

0.317

(0.31%)

EURUSD

1.1180

-0.0039

(-0.34%)

GBPUSD

1.3404

-0.0045

(-0.33%)

USDCNH

6.6672

0.0026

(0.04%)

Hot News