CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fortrade
Opened Positions Logout
Contact Us Live Support
Search

Gold is rising 0.9%

Fast Moving Market - 02/01/2025

02 January, 2025

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Gold is rising 0.9% due to a surge in demand for safe-haven instruments after yesterday's terrorist attack in New Orleans, USA.

Possible Scenarios:

If Gold fails to breach through R1 of 2652.62, our Research Department expects Gold to undergo a short- term downward correction.

If Gold manages to break above its R1 of 2652.62, our Research Department expects the Gold to extend its gains to its R2 of 2666.59.

Support and Resistance Levels:

Gold

S3

S2

S1

Reference Price

R1

R2

R3

2587.45

2601.42

2615.38

2634.00

2652.62

2666.59

2680.55

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €96.6

(+/-) £80.11

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.03519
***GBP/USD = 1.24822
Calculations for exchange rate used as of Thursday, January 2, 2025, 10:25 GMT

Share It With Your Network
GOLD Chart
Update Time: -
Highest
Lowest
Bid Price Ask Price
1M 5M H D W
Prices are loading..
Other Contents
Gold price is falling -0.6% 03 January, 2025

NEWS: Gold price is falling -0.6% following a stronger dollar Possible Scenarios: If Gold fails to breach through...

Silver price increasing 1.2% 03 January, 2025

NEWS: Silver price is increasing 1.2% due to higher demand for safe haven instruments amid geopolitical tensions in the...

Platinum price is increasing 1.9% 03 January, 2025

NEWS: Platinum price is increasing 1.9% following market expectations of a successful stimulus implementation by...

Ready for trading?Start Now
Daily market review & analysis Daily EU Session & US Session Analysis for CFD Instruments
Weekly Analysis Weekly Overview of CFD Movements
Technical Analysis Trading Central Technical Analysis System
Fortrade Ltd is authorised and regulated in the UK by FCA under the licence number 609970.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

Risk warning   Privacy policy
Risk Warning and Disclaimer: CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade Australia accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Fort Securities Australia Pty Ltd (T/A Fortrade Australia) |ABN: 33 614 683 831 | AFSL: 493520

Risk warning   Privacy policy
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

Risk warning   Privacy policy

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada. Email: [email protected]
Fortrade Canada Limited is regulated by the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.
Click here to see Fortrade Canada Limited on the CIRO website.

Regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.

Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning | Privacy policy
Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Risk Warning and Disclaimer: All CFDs, including cryptocurrency CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

Risk warning | Privacy policy
Daily market review & analysis Weekly Analysis Technical Analysis Micro Analysis Special Reports Economic Calendar Publications
Main Site