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June 1, 2026
NEWS: Gold price is falling -0.7% as uncertainty spreads and reports emerge of possible re-escalation in the Middle East conflict.
Possible Scenarios:
If Gold fails to breach through S1 of 4459.03, our Analysis Department expects Gold to undergo a short- term upward correction.
If Gold manages to break below its S1 of 4459.03, our Analysis Department expects Gold to extend its losses to its S2 of 4425.76
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4392.50 |
4425.76 |
4459.03 |
4503.39 |
4547.75 |
4581.02 |
4614.28 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.99 |
(+/-) £74.37 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16292
***GBP/USD = 1.34462
Calculations for exchange rate used as of Monday, June 1, 2026, 14:15: GMT +1