NEWS: Gold price decreased 1.0%. Gold prices are falling as US treasury yields rise and risk sentiment towards gold deteriorates.
Possible Scenarios:
If Gold fails to breach through S2 of 1943.8, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 1943.8, our Research Department expects the Gold to extend its losses to its S3 of 1931.6.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1931.60 |
1943.80 |
1956.00 |
1972.26 |
1988.52 |
2000.72 |
2012.92 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.88 |
(+/-) £81.58 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.07667
***GBP/USD = 1.22584
Calculations for exchange rate used as of Monday, March 27, 2023, (GMT+1) 11:15h