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May 15, 2026
NEWS: Gold price is falling 3%, testing levels near the $4,500 mark as the U.S. dollar continues to rise ahead of the weekend.
Possible Scenarios:
If Gold fails to breach through S1 of 4504.47, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4504.47, our Analysis Department expects Gold to extend its losses to its S2 of 4475.57.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4446.67 |
4475.57 |
4504.47 |
4543.00 |
4581.53 |
4610.43 |
4639.33 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.05 |
(+/-) £74.95 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16208
***GBP/USD = 1.33383
Calculations for exchange rate used as of Friday, May 15, 2026, 14:54 GMT+1