NEWS: Gold price is falling -0.8% following profit taking.
Possible Scenarios:
If Gold fails to breach through S2 of 2905.25, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 2905.25, our Research Department expects the Gold to extend its losses to its S3 of 2891.64
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2891.64 |
2905.25 |
2918.86 |
2937.00 |
2955.14 |
2968.75 |
2982.36 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €95.31 |
(+/-) £79.33 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.04926
***GBP/USD= 1.26050
Calculations for exchange rate used as of Friday, February 14, 2025, 13:50 GMT