NEWS: Gold price is increasing 1.0% amid rising Middle East tensions.
Possible Scenarios:
If Gold fails to breach through R2 of 3048.22, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 3048.22, our Research Department expects the Gold to extend its gains to its R3 of 3059.02.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2986.98 |
2997.78 |
3008.59 |
3023.00 |
3037.41 |
3048.22 |
3059.02 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €91.61 |
(+/-) £77.1 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.09164
***GBP/USD = 1.29709
Calculations for exchange rate used as of Tuesday, March 18, 2025, 13:30 GMT