Gold price increased 0.2%

Fast Moving Market - 20/02/2025

20 February, 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 price increased 0.2% . Gold price retains its bullish bias amid worries about Trump’s tariffs and a global trade war.

Possible Scenarios:

if Gold fails to breach through R1 of 2960.59, our Research Department expects the Gold to undergo a short- term downward correction.

If Gold manages to break above its R1 of 2960.59, our Research Department expects the Gold to extend its gains to its R2 of 2972.28.

Support and Resistance Levels:

Gold	S3	S2	S1	Reference Price	R1	R2	R3
Gold	2906.03	2917.72	2929.41	2945.00	2960.59	2972.28	2983.97

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*			USD	EUR**	GBP***
1 dollar per 1 trading lot*			(+/-) $100	(+/-) €95.86	(+/-) £79.32

*1 trading lot is equivalent of 100 units
**EUR/USD= 1.04320
***GBP/USD= 1.26075
Calculations for exchange rate used as of Thursday, February 20, 2025, 9:50 AM (GMT)

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