NEWS: Gold price increased 0.8%. Traders will closely watch Thursday’s September jobs report for insights into the health of the US economy, while the release of the Fed’s latest meeting minutes on Wednesday will provide additional rate guidance.
Possible Scenarios:
if Gold fails to breach through R1 of 4054.6, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4054.6, our Research Department expects the Gold to extend its gains to its R2 of 4086.91.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3903.82 |
3936.13 |
3968.44 |
4011.52 |
4054.60 |
4086.91 |
4119.22 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.26 |
(+/-) £76.01 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15929
***GBP/USD = 1.31569
Calculations for exchange rate used as of Thursday, November 18 2025, 9:00 GMT+1