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May 18, 2026
NEWS: Gold price is rising 0.6% as reports emerge of Iran possibly submitting an updated 14-point proposal to Pakistan to be sent to the US.
Possible Scenarios:
If Gold fails to breach through R1 of 4593.57, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4593.57, our Analysis Department expects Gold to extend its gains to its R2 of 4627.87.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4433.49 |
4467.79 |
4502.09 |
4547.83 |
4593.57 |
4627.87 |
4662.17 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.79 |
(+/-) £74.62 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16566
***GBP/USD = 1.34007
Calculations for exchange rate used as of Monday, May 18, 2026, 13:51: GMT +1