Medium-term exchange rate analysis for 12.10.2026

Hello. Below are a few recommendations for trading Forex on 12.10.2026

Gold traded below the 4,194.18 level and the FVG there all last week. With buyers dominating the trade statistics, further price declines are expected. I think we will exceed last week's high toward the FVG's upper boundary at 4,254.53. That is where I will open new intraday shorts. Short targets are below the lows at 3,942.24. Further targets are around 3,500.00, but let's not look that far ahead yet.

Silver is in a similar situation, trading below the FVG at 61.52. I would also like to see another move above the week's highs, toward 63.35. In any case, I will try to find intraday shorts here, targeting below the lows at 54.76. I am not considering longs here yet.

Regards, Artem aka TeaDrinker