NEWS: Gold price is falling -1.0% following an announcement that US President Trump will have huge positive news this week
Possible Scenarios:
If Gold fails to breach through S2 of 4170.67, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 4170.67, our Research Department expects the Gold to extend its losses to its S3 of 4154.24
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4154.24 |
4170.67 |
4187.09 |
4209.00 |
4230.91 |
4247.33 |
4263.76 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.96 |
(+/-) £75.09 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16337
***GBP/USD = 1.33179
Calculations for exchange rate used as of Monday, December 8, 2025, 15:20 GMT