NEWS: Gold price is falling -4.2% as volatility remains high ahead of Friday’s US inflation data.
Possible Scenarios:
If Gold fails to breach through S2 of 4160.55, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S2 of 4160.55, our Research Department expects the Gold to extend its losses to its S3 of 4117.08
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4117.08 |
4160.55 |
4204.03 |
4262.00 |
4319.97 |
4363.45 |
4406.92 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.12 |
(+/-) £74.72 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16113
***GBP/USD = 1.33831
Calculations for exchange rate used as of Tuesday, October 21, 2025, 14:20 GMT+1