NEWS: Gold price is falling 1%, testing its lowest rate in one month, as volatility rises ahead of the U.S. Federal Reserve interest rate decision later today at 18:00 GMT.
Possible Scenarios:
If Gold fails to breach through S1 of 4947.63, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4947.63, our Analysis Department expects Gold to extend its losses to its S2 of 4914.51.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4881.40 |
4914.51 |
4947.63 |
4991.79 |
5035.95 |
5069.07 |
5102.18 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.66 |
(+/-) £74.88 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15398
***GBP/USD = 1.33538
Calculations for exchange rate used as of Wednesday, March 18, 2026, 10:58 GMT