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June 4, 2026
NEWS: Gold price is rising 1.0% as reports emerge of a ceasefire deal close to being signed with Lebanon, leading investors to be optimistic about further progress being made in the negotiations between the US - Iran.
Possible Scenarios:
If Gold fails to breach through R1 of 4507.01, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4507.01, our Analysis Department expects Gold to extend its gains to its R2 of 4538.9.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4358.19 |
4390.08 |
4421.97 |
4464.49 |
4507.01 |
4538.90 |
4570.79 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.88 |
(+/-) £74.29 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16440
***GBP/USD = 1.34608
Calculations for exchange rate used as of Thursday, June 4, 2026, 12:47: GMT +1