NEWS: Gold price is increasing 2.1% as geopolitical tensions in the Middle East continue to drive safe haven demand higher.
Possible Scenarios:
if Gold fails to breach through R1 of 4974.87, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4974.87, our Research Department expects the Gold to extend its gains to its R2 of 5014.03.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4792.14 |
4831.29 |
4870.45 |
4922.66 |
4974.87 |
5014.03 |
5053.18 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £73.64 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18345
***GBP/US D 1.35803
Calculations for exchange rate used as of Wednesady, January 18, 2026, 13:10 GMT