NEWS: Gold price decreased 0.4%. Gold is falling as investor sentiment for the commodity cools, putting negative pressure on the price.
Possible Scenarios:
If Gold fails to breach through S1 of 1822.81, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 1822.81, our Research Department expects the Gold to extend its losses to its S2 of 1817.43
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1812.04 |
1817.43 |
1822.81 |
1830.00 |
1837.19 |
1842.57 |
1847.96 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.1 |
(+/-) £73.01 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05655
***GBP/USD = 1.22951
Calculations for exchange rate used as of 15:25 (GMT+1) 27/6/2022