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May 20, 2026
NEWS: Gold price is rising 1.4% as positive news emerges regarding progress in negotiations between the U.S. and Iran, reports suggest that a potential deal could be around the corner.
Possible Scenarios:
If Gold fails to breach through R2 of 4555.21, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 4555.21, our Analysis Department expects Gold to extend its gains to its R3 of 4587.33.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4373.21 |
4405.33 |
4437.44 |
4480.27 |
4523.10 |
4555.21 |
4587.33 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.1 |
(+/-) £74.51 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16139
***GBP/USD = 1.34205
Calculations for exchange rate used as of Wednesday, May 20, 2026, 15:38: GMT +1