Gold price is increasing 0.6%

Fast Moving Market - 15/01/2025

15 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 price is increasing 0.6% ahead of US Consumer Price Inflation (CPI) data

Possible Scenarios:

If Gold fails to breach through R1 of 2692.42, our Research Department expects the Gold to undergo a short- term downward correction.

If Gold manages to break above its R1 of 2692.42, our Research Department expects the Gold to extend its gains to its R2 of 2700.62.

Support and Resistance Levels:

Gold	S3	S2	S1	Reference Price	R1	R2	R3
Gold	2654.14	2662.34	2670.54	2681.48	2692.42	2700.62	2708.82

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*	USD	EUR**	GBP***
1 dollar per 1 trading lot*	(+/-) $100	(+/-) €97.03	(+/-) £81.91

*1 trading lot is equivalent of 100 units
**EUR/USD= 1.03063
***GBP/USD= 1.22089
Calculations for exchange rate used as of Wednsday, January 15, 2025, 09:15 GMT

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