Gold Price Forecast for the Week of October 19 – 23, 2026
Week 43, 2026 · Published October 17, 2026
Bias for the week
Bearish
- Last close vs 20-day average ($4,198)Bearish
- 20-day vs 50-day average ($4,337)Bearish
- Change over 4 weeks (−4.92%)Bearish
Most signals point down: sellers start the week in control. A weekly close above $4,187 would weaken this view.
Expected range for the week
$4,064 – $4,268
From last Friday's close of $4,165, gold moves about ±2.4% in a typical week (based on the last 20 trading days). That gives an expected range of $4,064 to $4,268: about two weeks in three close inside it.
Result: how did this forecast do?
Gold closed the week at $3,994 (−4.11%). That is outside the expected range of $4,064 – $4,268. The Bearish bias was confirmed.
Read the full report of this weekKey levels for the week (pivot points)
Resistance 2
$4,210
Resistance 1
$4,187
Pivot
$4,166
Support 1
$4,143
Support 2
$4,122
Scenarios
- Bullish scenario: a move above $4,187 would open the way to $4,210.
- Bearish scenario: a drop below $4,143 would expose $4,122.
- The pivot at $4,166 separates the two: trading above it favours buyers, below it favours sellers.
Expected gold price per gram by country (October 19 – 23, 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 | 114 – 120 USD | 131 – 137 USD |
| UK | 85.78 – 90.08 GBP | 98.03 – 102.94 GBP |
| United Arab Emirates | 420 – 441 AED | 480 – 504 AED |
| India | 10,858 – 11,402 INR | 12,409 – 13,031 INR |
| Saudi Arabia | 429 – 450 SAR | 490 – 515 SAR |
| Egypt | 6,078 – 6,383 EGP | 6,946 – 7,294 EGP |
| Morocco | 1,114 – 1,170 MAD | 1,273 – 1,337 MAD |
| Kuwait | 35.54 – 37.32 KWD | 40.62 – 42.65 KWD |
| Qatar | 416 – 437 QAR | 476 – 499 QAR |
| Jordan | 81.06 – 85.12 JOD | 92.64 – 97.28 JOD |
| Pakistan | 31,656 – 33,243 PKR | 36,178 – 37,992 PKR |
| Turkey | 5,668 – 5,952 TRY | 6,478 – 6,803 TRY |
| France | 102 – 107 EUR | 116 – 122 EUR |
| Canada | 162 – 170 CAD | 185 – 194 CAD |
| Mexico | 2,114 – 2,220 MXN | 2,416 – 2,537 MXN |
| Spain | 102 – 107 EUR | 116 – 122 EUR |
| Argentina | 172,566 – 181,216 ARS | 197,218 – 207,104 ARS |
| Colombia | 364,008 – 382,256 COP | 416,009 – 436,864 COP |
Questions about next week's gold price
Will gold go up or down in the week of October 19 – 23, 2026?
The technical bias is bearish: gold closed at $4,165, below its 20-day average ($4,198), and most signals point down. A move above $4,187 would favour a rise toward $4,210; a drop below $4,143 would favour a fall toward $4,122. Nobody can know the direction for sure.
What is the expected gold price range for October 19 – 23, 2026?
Based on the typical weekly move of ±2.4%, gold is expected to trade between $4,064 and $4,268 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 19 – 23, 2026?
If gold stays in its expected range, 21K gold in the USA would be between 114.33 USD and 120.06 USD per gram, and 24K between 130.66 USD and 137.21 USD per gram (pure gold value, at last Friday's exchange rate).
How accurate are GoldZag's weekly gold forecasts?
Over the last 3 weeks, gold closed inside our expected range 0 times, and the bias was right 2 times. Each forecast page shows its result once the week is over.
Track record of our weekly forecasts
Over the last 3 weeks, gold closed inside our expected range 0 times and the bias was right 2 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.