NEWS: Gold price is increasing 1.1%, reaching fresh all time highs, following higher odds of more interest rate cuts by the FED by the end of the year
Possible Scenarios:
If Gold fails to breach through R1 of 3906.43, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 3906.43, our Research Department expects the Gold to extend its gains to its R2 of 3924.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3824.43 |
3842.00 |
3859.57 |
3883.00 |
3906.43 |
3924.00 |
3941.57 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.15 |
(+/-) £74.3 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17434
***GBP/USD = 1.34587
Calculations for exchange rate used as of Tuesday, October 02, 2025, 14:35 GMT+1