Our pivot point is at 4,108.
Our preference: The downside prevails as long as 4,108 is resistance, with 4,026 and 4,002 as targets
Alternative scenario: above 4,108, look for 4,147 and 4,170.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 4,109 and 4,118). The Gold is trading below its lower Bollinger band (standing at 4,074).
Supports and resistances:
4,170 **
4,147 *
4,108 **
4,073 last
4,026
4,002 **
3,979 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-10-2026 at 13:00 UTC+1
Price reference: 4073 last known on 11-10-2026 at 13:00 UTC+1
Investment horizon: INTRADAY
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