NEWS: Gold price is falling -1.7% as a strengthening US dollar continues to put negative pressure on the precious metal.
Possible Scenarios:
If Gold fails to breach through S1 of 5032.41, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 5032.41, our Analysis Department expects Gold to extend its losses to its S2 of 4987.47
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4942.53 |
4987.47 |
5032.41 |
5092.33 |
5152.25 |
5197.19 |
5242.13 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.28 |
(+/-) £75.45 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.14578
***GBP/USD= 1.32540
Calculations for exchange rate used as of Friday, March 13, 2026, 15:05: GMT