NEWS: Gold price is increasing 1.0% ahead of the interest rate decision rate by the FED happening tomorrow on December 10th
Possible Scenarios:
If Gold fails to breach through R2 of 4218.02, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 4218.02, our Research Department expects the Gold to extend its gains to its R3 of 4234.13.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4126.75 |
4142.86 |
4158.96 |
4180.44 |
4201.92 |
4218.02 |
4234.13 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.84 |
(+/-) £74.9 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16496
***GBP/USD = 1.33504
Calculations for exchange rate used as of Tuesday, December 9, 2025, 09:40 GMT