Gold price prediction today: Why gold prices are likely to be range-bound; check October 20, 2026 outlook - The Times of India

AI desk brief

Spot gold is seen range-bound after trading between 4066 and 4226 in October, with support at 4100/4066/$4000 and resistance at 4226/4280/$4335. The article says gold was around $4142, down about 0.5%, as high crude prices, a firmer dollar, and higher yields capped upside despite some support from softer Fed hike odds and buoyant Treasuries.

Positioning has turned less constructive: money managers cut net bullish gold bets by 3,741 lots to 111,079 in the week to Oct. 13, the weakest in 18 weeks, while long-only holdings fell to a 17-week low and shorts rose to a 12-week high. Global gold ETF holdings stand at 101.19 Moz, up 2.24 Moz YTD, but the near-term view stays mixed to slightly bearish unless oil/geopolitical risks re-intensify or gold breaks above the 4226/4280 resistance zone.