NEWS: Gold price is increasing 1.3% amid intensifying global tariff war fears.
Possible Scenarios:
If Gold fails to breach through R2 of 3133.42, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 3133.42, our Research Department expects the Gold to extend its gains to its R3 of 3142.38.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3082.66 |
3091.62 |
3100.58 |
3112.52 |
3124.46 |
3133.42 |
3142.38 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.43 |
(+/-) £77.29 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08195
***GBP/USD = 1.29381
Calculations for exchange rate used as of Monday, March 31, 2025, 8:00 (GMT+1)