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May 28, 2026
NEWS: Gold price is rising 1.1% after testing its lowest levels in two months earlier today.
Possible Scenarios:
If Gold fails to breach through R1 of 4459.50, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4459.50, our Analysis Department expects Gold to extend its gains to its R2 of 4485.37.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4338.76 |
4364.63 |
4390.50 |
4425.00 |
4459.50 |
4485.37 |
4511.24 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.95 |
(+/-) £74.5 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16353
***GBP/USD = 1.34224
Calculations for exchange rate used as of Thursday, May 28, 2026, 13:58 GMT+1