NEWS: Gold price is increasing 0.6%, hitting fresh all time highs, ahead of the interest rate decision by the FED happening tommorow
Possible Scenarios:
If Gold fails to breach through R1 of 3698.31, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 3698.31, our Research Department expects the Gold to extend its gains to its R2 of 3710.91.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3639.49 |
3652.09 |
3664.69 |
3681.50 |
3698.31 |
3710.91 |
3723.51 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €84.68 |
(+/-) £73.33 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18090
***GBP/USD = 1.36379
Calculations for exchange rate used as of Tuesday, September 16, 2025, 10:40 GMT+1