NEWS: Gold price is falling 1.0% amid profit-taking on Gaza ceasefire as a ceasefire between Hamas and Israel decreased safe-haven demand.
Possible Scenarios:
If Gold fails to breach through S1 of 3937.51, our Research Department expects the Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 3937.51, our Research Department expects the Gold to extend its losses to its S2 of 3912.85
Support and Resistance Levels:
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3888.20 |
3912.85 |
3937.51 |
3970.38 |
4003.25 |
4027.91 |
4052.56 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €86.4 |
(+/-) £75.22 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15745
***GBP/USD = 1.32947
Calculations for exchange rate used as of Friday, October 10, 2025,08:15 (GMT+1)