NEWS: Gold price is falling 0.8% after the US Federal Reserve kept interest rates unchanged at 4.5% on Wednesday.
Possible Scenarios:
If Gold fails to breach through S1 of 3338.57, our Research Department expects the Gold to undergo a short-term upward correction.
If Gold manages to break below its S1 of 3338.57, our Research Department expects the Gold to extend its losses to its S2 of 3320.99.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3303.42 |
3320.99 |
3338.57 |
3362.00 |
3385.43 |
3403.01 |
3420.58 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €87.23 |
(+/-) £74.6 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14636
***GBP/USD = 1.34046
Calculations for exchange rate used as of Thursday, June 19, 2025, 08:00 GMT+1