NEWS: Gold price is falling -1.4% as easing trade tensions between the US and China continue to weigh on its safe-haven appeal.
Possible Scenarios:
If Gold fails to breach through S1 of 3196.45, our Research Department expects the Gold to undergo a short-term upward correction.
If Gold manages to break below its S1 of 3196.45, our Research Department expects the Gold to extend its losses to its S2 of 3170.54.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3144.62 |
3170.54 |
3196.45 |
3231.00 |
3265.55 |
3291.46 |
3317.38 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.19 |
(+/-) £75.07 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12123
***GBP/USD = 1.33205
Calculations for exchange rate used as of Wednesday, May 14, 2025, 13:20 GMT+1