NEWS: Gold price is increasing 0.9% following worse than expected US labor market data
Possible Scenarios:
If Gold fails to breach through R2 of 3655.52, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 3655.52, our Research Department expects the Gold to extend its gains to its R3 of 3672.03.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3561.97 |
3578.48 |
3594.99 |
3617.00 |
3639.01 |
3655.52 |
3672.03 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.34 |
(+/-) £73.82 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17175
***GBP/USD = 1.35458
Calculations for excahange rate used as of Thursday, September 11, 2025, 13:45 GMT+1