Congressional Elections, Tue Nov 3, 2026: gold before and after
Upcoming Release: Tue Nov 3, 2026, 10:16 ET (2026-11-03 15:16 UTC) ·
Before the release
What it is and why gold cares
A scheduled US release flagged as high impact in the economic calendar. Gold can move sharply around any high-impact US release.
No consensus figure is listed in the calendar for this release.
| Line | Consensus | Previous |
|---|---|---|
| Congressional Elections | n/a | n/a |
How gold reacted to past US release releases
In the 1 past high-impact US release in our data since Oct 2026, gold futures moved a median of $0.8 (up or down) in the first 5 minutes and $13.8 after 30 minutes. The median high-to-low range in the first hour was $24.0, the largest $24.0. The direction of the first 5 minutes was still in place after 60 minutes in 0 of 1 cases. This describes past releases only, measured on our own 1-minute futures data.
| Release | 5-min move | 60-min move | 60-min range |
|---|---|---|---|
| Thu Oct 15, 2026 | -$0.8 | +$9.3 | $24.0 |
Where price sat before the release
At Mon Nov 2, 2026, 16:20 ET, gold futures traded at 3,954.5 GC (≈3,945 XAUUSD), inside the previous day's value area (≈3,870 to ≈3,982 XAUUSD, 3,879.5 to 3,991.4 GC), above the daily VWAP (≈3,940 XAUUSD, 3,949.3 GC) and above the weekly VWAP (≈3,940 XAUUSD, 3,949.3 GC).
| Level | GC | XAUUSD | Distance | |
|---|---|---|---|---|
| Above | New York high | 3,980.8 | ≈3,971 | +$26.3 |
| Above | Developing weekly VAH + Developing monthly VAH | 3,980.5 | ≈3,971 | +$26.0 |
| Above | Developing daily POC + Developing weekly POC + Developing monthly POC | 3,969.4 | ≈3,960 | +$14.9 |
| Below | Daily VWAP + Weekly VWAP + Monthly VWAP | 3,949.3 | ≈3,940 | -$5.2 |
| Below | Developing weekly VAL + Developing monthly VAL | 3,942.8 | ≈3,933 | -$11.7 |
| Below | London high | 3,916.4 | ≈3,907 | -$38.1 |
Nearest reference levels from futures volume: above, Developing daily POC + Developing weekly POC + Developing monthly POC at 3,969.4 GC (≈3,960 XAUUSD), $14.9 away; below, Daily VWAP + Weekly VWAP + Monthly VWAP at 3,949.3 GC (≈3,940 XAUUSD), $5.2 away. These are levels to watch around the release, places where price reacted before; they are not forecasts.
Spreads and volatility
Around a release, spreads on XAUUSD CFDs often widen, prices can jump several dollars between two ticks and stop orders can fill far from their price. In past high-impact US releases the release minute alone had a median high-to-low range of $0.8.
Our futures recording missed part of this trading day before the release; developing levels use the minutes we have. XAUUSD equivalents use the GC to XAUUSD gap of -9.61 measured at that time; your broker's price can differ by a few dollars.
After the release
The after-analysis appears here about 70 minutes after the release: actual vs consensus, the measured move minute by minute, volume, big orders and which levels held.
Sources: Calendar: Forex Factory weekly feed (faireconomy.media); Actual values: FRED / ALFRED first prints and Federal Reserve statements; Prices, volume and delta: COMEX gold futures (GC) 1-minute data, AK Order Flow. Times are New York (ET); the release time is also shown in your time zone.
Education only. Not financial advice. Trading futures and CFDs carries a high risk of loss.