NEWS: Gold price is falling -1.0% ahead of US-Russia meeting on Friday August 15th.
Possible Scenarios:
If Gold fails to breach through S2 of 3352.82, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 3352.82, our Research Department expects the Gold to extend its losses to its S3 of 3342.11
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3342.11 |
3352.82 |
3363.54 |
3377.82 |
3392.10 |
3402.82 |
3413.53 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.83 |
(+/-) £74.34 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16507
***GBP/USD = 1.34525
Calculations for exchange rate used as of Monday, August 11, 2025, 8:48 GMT+1