NEWS: Gold price is falling 0.9% under the pressure of a stronger US dollar.
Possible Scenarios:
If Gold fails to breach through S2 of 3009.47, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 3009.47, our Research Department expects the Gold to extend its losses to its S3 of 3000.67.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3000.67 |
3009.47 |
3018.27 |
3030.00 |
3041.73 |
3050.53 |
3059.33 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.34 |
(+/-) £77.35 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08297
***GBP/USD = 1.29282
Calculations for exchange rate used as of Friday, March 21, 2025, 13:50 (GMT)