NEWS: Gold price is increasing 1.3% ahead of FOMC meeting minutes later today, followed by Thursday’s jobs report, both of which could provide more clarity on the interest rate outlook.
Possible Scenarios:
if Gold fails to breach through R1 of 4137.96, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4137.96, our Research Department expects the Gold to extend its gains to its R2 of 4172.22.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3978.08 |
4012.34 |
4046.60 |
4092.28 |
4137.96 |
4172.22 |
4206.48 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.45 |
(+/-) £76.22 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15679
***GBP/USD = 1.31207
Calculations for exchange rate used as of Wednesday, November 19 2025, 9:52 GMT