NEWS: Gold price increased 1.1% after investors sought the safe-haven instrument amid growing worries over a prolonged US government shutdown
Possible Scenarios:
If Gold fails to breach through R1 of 3959.17, our Research Department expects Gold to undergo a short-term downward correction.
If Gold manages to break above its R1 of 3959.17, our Research Department expects Gold to extend its gains to its R2 of 3979.27.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3865.37 |
3885.47 |
3905.57 |
3932.37 |
3959.17 |
3979.27 |
3999.37 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.67 |
(+/-) £74.4 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16724
***GBP/USD = 1.34408
Calculations for exchange rate used as of Monday , October 6, 2025, 9:00 AM GMT+1