NEWS: Gold price is falling -0.9% as it retreates from its all – time highs
Possible Scenarios:
If Gold fails to breach through S2 of 3651.50, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 3651.50, our Research Department expects the Gold to extend its losses to its S3 of 3640.26
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3640.26 |
3651.50 |
3662.75 |
3677.74 |
3692.73 |
3703.98 |
3715.22 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €84.44 |
(+/-) £73.32 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18433
***GBP/USD = 1.36388
Calculations for excahnge rate used as of Wednesday, September 17 09:45 GMT+1