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March 27, 2026
NEWS: Gold price is rising 2.4% as the US dollar softens against most of its major rivals.
Possible Scenarios:
If Gold fails to breach through R1 of 4534.54, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R1 of 4534.54, our Analysis Department expects Gold to extend its gains to its R2 of 4613.30.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4166.98 |
4245.74 |
4324.50 |
4429.52 |
4534.54 |
4613.30 |
4692.06 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.74 |
(+/-) £75.11 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15288
***GBP/USD = 1.33130
Calculations for exchange rate used as of Friday, March 27, 2026, 15:10: GMT