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GOLD

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1m

Analysis and statistics

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About

GOLD.TA refers to the SGX FTSE Gold Index Total Return, which tracks the total return performance of physical gold bullion, factored by the daily interest rate returns. It represents the total return an investor would have received from holding physical gold. This is distinct from tracking gold mining companies or funds that invest in gold futures.
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Gold intraday : Aim at 4,101

The downside prevails as long as 4,202 is resistance, with 4,101 and 4,075 as targets

2026 Oct 02 21:35
Gold
  • Our preference: The downside prevails as long as 4,202 is resistance, with 4,101 and 4,075 as targets
  • Alternative scenario: above 4,202, look for 4,245 and 4,270.
  • Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,164 and 4,172).

Supports and resistances:

  • 4,270 ** - Resistance *
  • 4,245 * - Resistance **
  • 4,202 ** - Resistance ***
  • 4,148 last - Last
  • 4,101 - Support ***
  • 4,075 ** - Support **
  • 4,050 * - Support *

Factors

Interest Rates: Higher interest rates often decrease gold demand, as investors prefer interest-bearing assets.

Inflation: Gold is seen as an inflation hedge; rising inflation can increase its price.

US Dollar Strength: A strong US dollar typically weakens gold prices, as it's priced in dollars.

Geopolitical Instability: Uncertainty and crises boost gold's safe-haven appeal.

Central Bank Activity: Buying or selling gold by central banks impacts supply and demand.

Mining Production: Increased gold production can put downward pressure on prices.

Jewelry Demand: Demand from major jewelry markets like India and China influences price.

Technology Demand: Gold is used in electronics; technological advancements affect demand.

Investor Sentiment: Speculation and investment fund flows drive price fluctuations.

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