NEWS: Gold price is rising 0.8% after the U.S. unemployment rate came in higher than expected at 4.6%.
Possible Scenarios:
If Gold fails to breach through R1 of 4339.09, our Research Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4339.09, our Research Department expects Gold to extend its gains to its R2 of 4360.15.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4240.78 |
4261.85 |
4282.91 |
4311.00 |
4339.09 |
4360.15 |
4381.22 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.82 |
(+/-) £74.34 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17897
***GBP/USD = 1.34522
Calculations for exchange rate used as of Tuesday, December 16, 2025, 13:33 GMT