NEWS: Gold price is increasing 0.6%, reaching fresh all time highs, ahead of Non-Farm Payroll data coming out on Friday
Possible Scenarios:
If Gold fails to breach through R1 of 3553.92, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 3553.92, our Research Department expects the Gold to extend its gains to its R2 of 3568.11.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3487.70 |
3501.89 |
3516.08 |
3535.00 |
3553.92 |
3568.11 |
3582.30 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.81 |
(+/-) £74.52 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16540
***GBP/USD = 1.34195
Calculations for exchange rate used as of Wednesday, September 3, 2025, 13:40 GMT+1