NEWS: Gold price is falling -1.3% as the precious metal continues to face pressure from a strengthening US Dollar.
Possible Scenarios:
If Gold fails to breach through S1 of 4960.81, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4960.81, our Analysis Department expects Gold to extend its losses to its S2 of 4915.55
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4870.29 |
4915.55 |
4960.81 |
5021.16 |
5081.51 |
5126.77 |
5172.03 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.32 |
(+/-) £75.47 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14519
***GBP/USD = 1.32511
Calculations for exchange rate used as of Monday, March 16, 2026, 10:12: GMT