NEWS: Gold price is rising 1.0% as tensions remain high in the Middle East after Secretary of Defense Pete Hegseth said today will be the most intense day of strikes in Iran.
Possible Scenarios:
If Gold fails to breach through R1 of 5259.52, our Research Department expects the Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 5259.52, our Research Department expects the Gold to extend its gains to its R2 of 5321.4.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4970.71 |
5032.60 |
5094.48 |
5177.00 |
5259.52 |
5321.40 |
5383.29 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £74.34 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.18345
***GBP/USD= 1.34525
Calculations for exchange rate used as of Tuesday, March 10, 2026, 13:20 GMT