NEWS: Gold price is rising 0.7%, hitting a fresh all-time high, as concerns mount following the start of the U.S. government shutdown.
Possible Scenarios:
If Gold fails to breach through R1 of 3887.88, our Research Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 3887.88, our Research Department expects Gold to extend its gains to its R2 of 3906.63.
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3800.35 |
3819.11 |
3837.86 |
3862.87 |
3887.88 |
3906.63 |
3925.39 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.05 |
(+/-) £74.24 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17583
***GBP/USD = 1.34698
Calculations for exchange rate used as of Wednesday, October 1, 2025, 09:12 AM GMT+1