NEWS: Gold price is increasing 2.4%, reaching a new record high this morning, after geopolitical escalations continue to increase safe haven demand.
Possible Scenarios:
if Gold fails to breach through R1 of 4892.45, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4892.45, our Research Department expects the Gold to extend its gains to its R2 of 4917.56.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4775.30 |
4800.40 |
4825.51 |
4858.98 |
4892.45 |
4917.56 |
4942.66 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.39 |
(+/-) £74.4 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17115
***GBP/USD = 1.34400
Calculations for exchange rate used as of Wednesday, January 21, 2026, 08:25 GMT