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April 2, 2026
NEWS: Gold price is rising 2.6% as the precious metal strengthens on the back of a weakening US Dollar.
Possible Scenarios:
If Gold fails to breach through R2 of 4752.84, our Analysis Department expects Gold to undergo a short- term downward correction.
If Gold manages to break above its R2 of 4752.84, our Analysis Department expects Gold to extend its gains to its R3 of 4810.2.
Support and Resistance Levels:
|
Gold |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
4427.80 |
4485.16 |
4542.52 |
4619.00 |
4695.48 |
4752.84 |
4810.20 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.63 |
(+/-) £75.62 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15435
***GBP/USD = 1.32240
Calculations for exchange rate used as of Thursday, April 2, 2026, 15:40: GMT +1