NEWS: Gold price is falling -0.7% after US Initial Jobless claims data came out lower than expected.
Possible Scenarios:
If Gold fails to breach through S2 of 4560.51, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 4560.51, our Research Department expects the Gold to extend its losses to its S3 of 4539.73
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4539.73 |
4560.51 |
4581.29 |
4609.00 |
4636.71 |
4657.49 |
4678.27 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.17 |
(+/-) £74.76 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16046
***GBP/USD = 1.33759
Calculations for exchange rate used as of Thursday, January 15, 2026, 13:44 GMT