NEWS: Gold price is falling -1.2%. Gold is falling this afternoon as bond yields in the United States continue to rise.
Possible Scenarios:
If Gold fails to breach through S2 of 1830.70, our Research Department expects the Gold to undergo a short-term upward correction.
If Gold manages to break below its S2 of 1830.70, our Research Department expects the Gold to extend its losses to its S3 of 1817.18
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1817.18 |
1830.70 |
1844.21 |
1862.23 |
1880.25 |
1893.76 |
1907.28 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €82.29 |
(+/-) £73.56 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.21520
***GBP/USD = 1.35939
Calculations for exchange rate used as of 14:17 (GMT) 12/01/2021