NEWS: Gold price is falling 1.5% as uncertainties rise ahead of tomorrow’s ADP Nonfarm Employment Change data for October
Possible Scenarios:
If Gold fails to breach through S1 of 3896.06, our Research Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3896.06, our Research Department expects Gold to extend its losses to its S2 of 3865.35
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3834.64 |
3865.35 |
3896.06 |
3937.00 |
3977.94 |
4008.65 |
4039.36 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.13 |
(+/-) £76.67 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.14772
***GBP/USD= 1.30426
Calculations for exchange rate used as of Tuesday, November 04, 2025, 14:32 GMT