NEWS: Gold price increased 0.7% after traders remained uncertain over the U.S. economy even as lawmakers voted to end the country’s longest ever government shutdown.
Possible Scenarios:
if Gold fails to breach through R1 of 4236.18, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4236.18, our Research Department expects the Gold to extend its gains to its R2 of 4258.63.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4131.39 |
4153.85 |
4176.30 |
4206.24 |
4236.18 |
4258.63 |
4281.09 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.09 |
(+/-) £76.1 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16156
***GBP/USD = 1.31398
Calculations for exchange rate used as of Thursday, November 13 2025, 8:25 GMT+1