NEWS: Gold price is increasing 0.9% ahead of another batch of US inflation data coming out today
Possible Scenarios:
If Gold fails to breach through R1 of 4247.91, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4247.91, our Research Department expects the Gold to extend its gains to its R2 of 4264.33.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4171.24 |
4187.67 |
4204.09 |
4226.00 |
4247.91 |
4264.33 |
4280.76 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.79 |
(+/-) £74.9 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16566
***GBP/USD = 1.33517
Calculations for exchange rate used as of Friday, December 5, 2025, 14:55 GMT