NewsSignals AI analysis·Reuters·Oct 21, 2026

Spot gold may retrace toward October 14 low of $4,073

Grade Bbearish AI signal$XAU

Gold faces renewed downside risk, with technical analysis suggesting spot prices could retrace toward the October 14 low of $4,073 per ounce. The analysis points to a potential break below $4,096 support, with downside targets at $4,036-$4,067 and a deeper wave projection at $3,937. A sustained break below support could intensify selling pressure, while a move above $4,135 could open a recovery toward $4,150-$4,169.

Bullish strength: 18/100

A break above $4,135 could trigger a recovery toward $4,150-$4,169.
The wedge could develop into a bottom pattern if the relevant trendline breaks upward.

Bearish strength: 82/100

Current technical readings indicate a break below $4,073.
Daily support at $4,096 is at risk of breaking.
The weak rebound and small wedge suggest a possible bearish continuation pattern.
Downside projections include $4,036-$4,067 and a potential wave target of $3,937.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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