Gold Price Forecast for the Week of November 2 – 6, 2026
Week 45, 2026 · Published October 31, 2026
Bias for the week
Bearish
- Last close vs 20-day average ($4,099)Bearish
- 20-day vs 50-day average ($4,258)Bearish
- Change over 4 weeks (−6.31%)Bearish
Most signals point down: sellers start the week in control. A weekly close above $4,001 would weaken this view.
Expected range for the week
$3,785 – $3,970
From last Friday's close of $3,876, gold moves about ±2.4% in a typical week (based on the last 20 trading days). That gives an expected range of $3,785 to $3,970: about two weeks in three close inside it.
Result: how did this forecast do?
Gold closed the week at $4,072 (+5.05%). That is outside the expected range of $3,785 – $3,970. The Bearish bias was not confirmed.
Read the full report of this weekKey levels for the week (pivot points)
Resistance 2
$4,126
Resistance 1
$4,001
Pivot
$3,939
Support 1
$3,814
Support 2
$3,752
Scenarios
- Bullish scenario: a move above $4,001 would open the way to $4,126.
- Bearish scenario: a drop below $3,814 would expose $3,752.
- The pivot at $3,939 separates the two: trading above it favours buyers, below it favours sellers.
Expected gold price per gram by country (November 2 – 6, 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 | 106 – 112 USD | 122 – 128 USD |
| UK | 79.52 – 83.42 GBP | 90.88 – 95.34 GBP |
| United Arab Emirates | 391 – 410 AED | 447 – 469 AED |
| India | 10,106 – 10,602 INR | 11,550 – 12,116 INR |
| Saudi Arabia | 399 – 419 SAR | 456 – 479 SAR |
| Egypt | 5,949 – 6,241 EGP | 6,799 – 7,133 EGP |
| Morocco | 1,048 – 1,099 MAD | 1,197 – 1,256 MAD |
| Kuwait | 33.13 – 34.75 KWD | 37.86 – 39.72 KWD |
| Qatar | 388 – 407 QAR | 443 – 465 QAR |
| Jordan | 75.49 – 79.19 JOD | 86.27 – 90.50 JOD |
| Pakistan | 29,456 – 30,901 PKR | 33,664 – 35,316 PKR |
| Turkey | 5,319 – 5,580 TRY | 6,079 – 6,377 TRY |
| France | 95.39 – 100.07 EUR | 109 – 114 EUR |
| Canada | 149 – 156 CAD | 170 – 178 CAD |
| Mexico | 2,000 – 2,098 MXN | 2,286 – 2,398 MXN |
| Spain | 95.39 – 100.07 EUR | 109 – 114 EUR |
| Argentina | 163,062 – 171,061 ARS | 186,356 – 195,498 ARS |
| Colombia | 342,993 – 359,820 COP | 391,992 – 411,222 COP |
Questions about next week's gold price
Will gold go up or down in the week of November 2 – 6, 2026?
The technical bias is bearish: gold closed at $3,876, below its 20-day average ($4,099), and most signals point down. A move above $4,001 would favour a rise toward $4,126; a drop below $3,814 would favour a fall toward $3,752. Nobody can know the direction for sure.
What is the expected gold price range for November 2 – 6, 2026?
Based on the typical weekly move of ±2.4%, gold is expected to trade between $3,785 and $3,970 per ounce. About two weeks in three close inside such a range.
What is the expected price of 21K gold in the USA for November 2 – 6, 2026?
If gold stays in its expected range, 21K gold in the USA would be between 106.47 USD and 111.69 USD per gram, and 24K between 121.68 USD and 127.65 USD per gram (pure gold value, at last Friday's exchange rate).
How accurate are GoldZag's weekly gold forecasts?
Over the last 2 weeks, gold closed inside our expected range 0 times, and the bias was right 1 times. Each forecast page shows its result once the week is over.
Track record of our weekly forecasts
Over the last 2 weeks, gold closed inside our expected range 0 times and the bias was right 1 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.