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May 21, 2026
NEWS: Gold price is falling -0.7%. Worries have abounded that a prolonged conflict in the Middle East could spur on an energy-fueled inflation wave around the world, which may, in turn, force global central banks to consider interest rate hikes.
Possible Scenarios:
If Gold fails to breach through S1 of 4493.82, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4493.82, our Analysis Department expects Gold to extend its losses to its S2 of 4459.18
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4424.53 |
4459.18 |
4493.82 |
4540.01 |
4586.20 |
4620.84 |
4655.49 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.11 |
(+/-) £74.47 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16134
***GBP/USD = 1.34282
Calculations for exchange rate used as of Thursday, May 21, 2026, 11:34: AM