NEWS: Gold price is increasing 0.6% as the Russia-Ukraine war continues
Possible Scenarios:
If Gold fails to breach through R2 of 3435.53, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 3435.53, our Research Department expects the Gold to extend its gains to its R3 of 3446.90.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3371.10 |
3382.47 |
3393.84 |
3409.00 |
3424.16 |
3435.53 |
3446.90 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.73 |
(+/-) £74.26 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16641
***GBP/USD = 1.34662
Calculations for exchange rate used as of Thursday, August 29, 2025, 14:45 GMT+1