Gold Price Forecast for the Week of October 12 – 16, 2026
Week 42, 2026 · Published October 10, 2026
Bias for the week
Bearish
- Last close vs 20-day average ($4,239)Bearish
- 20-day vs 50-day average ($4,335)Bearish
- Change over 4 weeks (−3.51%)Bearish
Most signals point down: sellers start the week in control. A weekly close above $4,222 would weaken this view.
Expected range for the week
$4,088 – $4,306
From last Friday's close of $4,196, gold moves about ±2.6% in a typical week (based on the last 20 trading days). That gives an expected range of $4,088 to $4,306: about two weeks in three close inside it.
Result: how did this forecast do?
Gold closed the week at $4,165 (−0.74%). That is inside the expected range of $4,088 – $4,306. The Bearish bias was confirmed.
Read the full report of this weekKey levels for the week (pivot points)
Resistance 2
$4,249
Resistance 1
$4,222
Pivot
$4,172
Support 1
$4,146
Support 2
$4,096
Scenarios
- Bullish scenario: a move above $4,222 would open the way to $4,249.
- Bearish scenario: a drop below $4,146 would expose $4,096.
- The pivot at $4,172 separates the two: trading above it favours buyers, below it favours sellers.
Expected gold price per gram by country (October 12 – 16, 2026)
The expected range converted at last Friday's exchange rates (pure gold value, without making charges).
| Country | 21K per gram | 24K per gram |
|---|---|---|
| USA | 115 – 121 USD | 131 – 138 USD |
| UK | 86.92 – 91.54 GBP | 99.33 – 104.62 GBP |
| United Arab Emirates | 422 – 445 AED | 483 – 508 AED |
| India | 11,109 – 11,700 INR | 12,696 – 13,372 INR |
| Saudi Arabia | 431 – 454 SAR | 493 – 519 SAR |
| Egypt | 6,027 – 6,348 EGP | 6,888 – 7,254 EGP |
| Morocco | 1,122 – 1,182 MAD | 1,282 – 1,350 MAD |
| Kuwait | 35.75 – 37.65 KWD | 40.86 – 43.03 KWD |
| Qatar | 419 – 441 QAR | 478 – 504 QAR |
| Jordan | 81.55 – 85.89 JOD | 93.20 – 98.15 JOD |
| Pakistan | 31,855 – 33,550 PKR | 36,406 – 38,343 PKR |
| Turkey | 5,685 – 5,988 TRY | 6,497 – 6,843 TRY |
| France | 103 – 108 EUR | 117 – 124 EUR |
| Canada | 164 – 173 CAD | 187 – 197 CAD |
| Mexico | 2,118 – 2,230 MXN | 2,420 – 2,549 MXN |
| Spain | 103 – 108 EUR | 117 – 124 EUR |
| Argentina | 174,477 – 183,761 ARS | 199,402 – 210,013 ARS |
| Colombia | 367,154 – 386,690 COP | 419,604 – 441,931 COP |
Questions about next week's gold price
Will gold go up or down in the week of October 12 – 16, 2026?
The technical bias is bearish: gold closed at $4,196, below its 20-day average ($4,239), and most signals point down. A move above $4,222 would favour a rise toward $4,249; a drop below $4,146 would favour a fall toward $4,096. Nobody can know the direction for sure.
What is the expected gold price range for October 12 – 16, 2026?
Based on the typical weekly move of ±2.6%, gold is expected to trade between $4,088 and $4,306 per ounce. About two weeks in three close inside such a range.
What is the expected price of 21K gold in the USA for October 12 – 16, 2026?
If gold stays in its expected range, 21K gold in the USA would be between 115.02 USD and 121.14 USD per gram, and 24K between 131.45 USD and 138.44 USD per gram (pure gold value, at last Friday's exchange rate).
How accurate are GoldZag's weekly gold forecasts?
Over the last 4 weeks, gold closed inside our expected range 1 times, and the bias was right 3 times. Each forecast page shows its result once the week is over.
Track record of our weekly forecasts
Over the last 4 weeks, gold closed inside our expected range 1 times and the bias was right 3 times.
How this forecast is calculated
The forecast uses only prices known at the Friday close before the week: the expected range is the typical weekly move (standard deviation of the last 20 daily moves, scaled to 5 days), the levels are classic weekly pivot points from last week's highest close, lowest close and Friday close, and the bias combines three signals (last close vs 20-day average, 20-day vs 50-day average, 4-week change). It is published every Saturday and never edited afterwards.
This forecast is a statistical estimate from past prices, not financial advice. Gold can move outside the expected range, especially after unexpected news.