NEWS: Gold price is rising 1.1% as investors continued to cheer on the upcoming Trump stimulus checks of 2000 per person in the US in the for of tariff dividends.
Possible Scenarios:
If Gold fails to breach through R1 of 4177.48, our Research Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4177.48, our Research Department expects Gold to extend its gains to its R2 of 4198.08.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4081.31 |
4101.92 |
4122.52 |
4150.00 |
4177.48 |
4198.08 |
4218.69 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.35 |
(+/-) £76.28 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15806
***GBP/USD = 1.31094
Calculations for exchange rate used as of Wednesday, November 12, 2025, 15:20 GMT