GOLD Price Analysis – Jan 03, 2025
Daily Price Outlook
Gold prices (XAU/USD) sustained their bullish trend and are still flashing green around the 2,665 level, marking their fourth consecutive session of gains.
This steady upward momentum has been a highlight of 2024, with gold soaring over 27%, its best annual performance since 2010. The ongoing rally is largely driven by strong demand for safe-haven assets, especially with the ongoing geopolitical tensions in the Middle East and the long-standing Russia-Ukraine conflict.
On the flip side, the US Dollar Index (DXY) has climbed to a fresh multi-year high of 109.56, boosted by the latest Jobless Claims data from the United States.
This rise in the USD has somewhat capped gold's further gains, as the dollar's strength puts pressure on other assets, including precious metals. Despite this, gold continues to hold its ground, driven by its appeal as a safe haven in uncertain times.
US Dollar Strengthens Amid Positive Job Data and Geopolitical Tensions, Posing Pressure on Gold Prices
On the US front, the broad-based US dollar managed to recover some ground and turned bullish as the US Dollar Index (DXY) climbed to a fresh multi-year high of 109.56.
This move followed better-than-expected Initial Jobless Claims data for the week ending December 27.
The number of individuals filing for unemployment benefits for the first time was 211K, lower than the expected 222K and the previous figure of 220K. However, the index eased slightly to around 109.20 at the time of writing.
Traders remain cautious about potential economic policies under President-elect Trump, particularly concerns about higher tariffs and the rising cost of living.
The Federal Reserve's recent projections also added to the unease, indicating fewer rate cuts in 2025 due to ongoing inflation.
At the same time, geopolitical tensions, especially in the Middle East and the ongoing Russia-Ukraine war, continue to support the USD, a traditional safe-haven currency.
Analysts pointed out that the greenback is benefiting from growing economic concerns in other parts of the world amid these geopolitical risks.
The strengthening US dollar, driven by positive job data and geopolitical tensions, may put pressure on gold prices.
As the dollar rises, gold becomes more expensive for holders of other currencies, potentially limiting further gains in the precious metal.
China's Economic Recovery and Potential Rate Cut May Boost Gold Prices
On the other hand, gold prices found support from news that the People's Bank of China (PBoC) may cut interest rates this year.
This move is expected to stimulate economic growth in China, a key factor for global demand, including gold.
As a major consumer of gold, any recovery in China’s economy tends to boost gold prices, especially if there’s increased demand for the precious metal.
Traders are keeping a close eye on this development, as lower interest rates could lead to more liquidity in the market, potentially pushing gold prices higher.
Moreover, China’s National Development and Reform Commission (NDRC) expressed confidence in the country’s economic recovery for 2025, with plans to increase funding through ultra-long treasury bonds to support key growth programs.
This comes alongside positive manufacturing data from China, showing that supply and demand are expanding, and new orders continue to rise.
This improved economic outlook could support gold as a store of value, with investors seeking safety in the precious metal amid global uncertainties.
President Xi Jinping also reaffirmed his focus on economic growth, promising more proactive policies in 2025, which may further strengthen gold’s appeal.
Therefore, the potential interest rate cut by the People’s Bank of China and the country’s positive economic outlook could boost gold prices.
As China’s economy recovers and demand for gold increases, investors may turn to gold as a safe-haven asset.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,654.42, down 0.15%, reflecting mild bearish pressure as it consolidates below the pivot point at $2,663.01.
The 4-hour chart suggests a cautious outlook, with immediate resistance positioned at $2,676.29, followed by $2,692.86 and $2,707.37.
On the downside, key support levels are found at $2,639.26, $2,621.73, and $2,605.08, acting as critical safety nets for potential pullbacks.
The 50-day Exponential Moving Average (EMA) at $2,627.19 reinforces the bearish sentiment as Gold trades above this level but struggles to maintain upward momentum.
The Relative Strength Index (RSI) at 64 signals moderate bullish bias but warns of nearing overbought territory, limiting aggressive buying activity.
A sustained move below the pivot point at $2,663.01 could invite selling pressure, targeting the immediate support at $2,639.26.
Conversely, a break above $2,676.29 may shift sentiment towards bullishness, potentially aiming for $2,692.86.
Related News
- S&P500 (SPX) Price Analysis – Jan 03, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate resistance at $2,676.29, with further targets at $2,692.86 and $2,707.37.
- Support Zones: Key support at $2,639.26, followed by $2,621.73 and $2,605.08.
- Technical Indicators: RSI at 64 suggests limited upside; 50 EMA at $2,627.19 signals short-term bearish bias.
Gold (XAU/USD) is trading at $2,654.42, down 0.15%, reflecting mild bearish pressure as it consolidates below the pivot point at $2,663.01.
The 4-hour chart suggests a cautious outlook, with immediate resistance positioned at $2,676.29, followed by $2,692.86 and $2,707.37.
On the downside, key support levels are found at $2,639.26, $2,621.73, and $2,605.08, acting as critical safety nets for potential pullbacks.
The 50-day Exponential Moving Average (EMA) at $2,627.19 reinforces the bearish sentiment as Gold trades above this level but struggles to maintain upward momentum.
The Relative Strength Index (RSI) at 64 signals moderate bullish bias but warns of nearing overbought territory, limiting aggressive buying activity.
A sustained move below the pivot point at $2,663.01 could invite selling pressure, targeting the immediate support at $2,639.26.
Conversely, a break above $2,676.29 may shift sentiment towards bullishness, potentially aiming for $2,692.86.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2663
Take Profit – 2638
Stop Loss – 2676
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$2500/ -$1300
Profit & Loss Per Mini Lot = +$250/ -$130
GOLD Price Analysis – Jan 02, 2025
Daily Price Outlook
Gold prices (XAU/USD) continue to climb, staying strong around $2,641 after touching an intra-day high of $2,621.
This bullish momentum is fueled by a mix of factors, including the US adopting looser monetary policies, ongoing geopolitical conflicts, and record-breaking gold purchases by central banks.
Meanwhile, the ongoing Middle East tensions and the Russia-Ukraine war are keeping investors drawn to gold, a reliable safe-haven asset during uncertain times.
Looking ahead, the trend seems likely to continue, especially with a World Gold Council survey hinting that central banks could ramp up their gold buying in 2025, further driving demand.
Impact of a Strong US Dollar and Federal Reserve Policy on Gold Prices
On the US front, the US Dollar Index (DXY), which measures the dollar’s value against six major currencies, has surged to multi-year highs, trading around 108.50. This strength is fueled by the Federal Reserve's hawkish stance on monetary policy.
The Fed has hinted at a cautious approach to rate cuts in 2025 due to persistent inflationary pressures and uncertainties tied to the anticipated economic policies of the incoming Trump administration.
This strong dollar presents challenges for gold prices as it typically dampens demand for the metal by making it more expensive for international buyers.
However, inflation concerns and geopolitical tensions, such as conflicts in the Middle East and Russia-Ukraine, continue to support gold as a safe-haven asset.
Moreover, a World Gold Council survey suggests that central banks may increase their gold purchases in 2025, which could offset the pressure from a stronger dollar and provide further support for gold prices in the long term.
Therefore, the strong US dollar, driven by the Fed's hawkish policy, may put pressure on gold prices by making it costlier for foreign buyers.
However, ongoing inflation concerns, geopolitical tensions, and increased central bank gold purchases could still support gold's demand.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,634.10, marking a 0.38% gain in the last session as bullish momentum persists. On the 4-hour chart, the pivot point at $2,639.79 serves as a critical level. Immediate resistance is positioned at $2,651.73, followed by $2,665.31.
On the downside, support levels are observed at $2,610.53, $2,593.70, and $2,577.23. A break above $2,639.79 could signal continued upside, while failure to sustain this level may invite selling pressure.
Technical indicators reflect a positive bias. The RSI at 67 approaches overbought territory, hinting at strong bullish sentiment but cautioning against possible consolidation.
Gold trades above its 50 EMA at $2,621.94, reinforcing short-term upward momentum. However, the 200 EMA at $2,639.79 aligns closely with the pivot point, underscoring its significance as a decisive threshold.
The immediate outlook suggests that a move above $2,651.73 could attract further buying, targeting $2,665.31. Conversely, a failure to hold above $2,639.79 may lead to a test of the $2,610.53 support level, potentially extending to $2,593.70. Traders are advised to monitor volume and RSI levels for clearer directional cues.
Related News
AUD/USD Price Analysis – Jan 02, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate resistance at $2,651.73; next at $2,665.31.
- Support Zones: Key supports at $2,610.53 and $2,593.70.
- Technical Indicators: RSI at 67 signals bullish momentum, but nearing overbought; 50 EMA at $2,621.94 supports short-term strength.
Gold (XAU/USD) is trading at $2,634.10, marking a 0.38% gain in the last session as bullish momentum persists. On the 4-hour chart, the pivot point at $2,639.79 serves as a critical level. Immediate resistance is positioned at $2,651.73, followed by $2,665.31.
On the downside, support levels are observed at $2,610.53, $2,593.70, and $2,577.23. A break above $2,639.79 could signal continued upside, while failure to sustain this level may invite selling pressure.
Technical indicators reflect a positive bias. The RSI at 67 approaches overbought territory, hinting at strong bullish sentiment but cautioning against possible consolidation.
Gold trades above its 50 EMA at $2,621.94, reinforcing short-term upward momentum. However, the 200 EMA at $2,639.79 aligns closely with the pivot point, underscoring its significance as a decisive threshold.
The immediate outlook suggests that a move above $2,651.73 could attract further buying, targeting $2,665.31. Conversely, a failure to hold above $2,639.79 may lead to a test of the $2,610.53 support level, potentially extending to $2,593.70. Traders are advised to monitor volume and RSI levels for clearer directional cues.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 2626
Take Profit – 2650
Stop Loss – 2616
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$2400/ -$1000
Profit & Loss Per Mini Lot = +$240/ -$100
GOLD Price Analysis – Jan 01, 2025
Daily Price Outlook
Gold (XAU/USD) entered 2025 with bullish momentum after its exceptional performance in 2024. The precious metal gained more than 26% throughout the year, marking its highest annual increase since 2010.
This surge was driven by a combination of factors, including strong demand from central banks, persistent geopolitical instability, and loose global monetary policies. These trends pushed gold to new heights, with the price hitting an all-time record of $2,790.15 on October 31, 2024.
Gold to Remain Supported in 2025 Amid US Dollar Pressure and Geopolitical Risks
Despite a stronger US Dollar and slower Fed rate cuts, gold is expected to remain supported in 2025. The Federal Reserve's cautious stance on rate cuts and uncertainty surrounding economic strategies under the incoming Trump administration are putting pressure on the US Dollar.
However, gold has benefited from rising geopolitical risks, central bank demand, and global monetary easing in 2024. Analysts predict that gold could reach $3,000 per ounce due to continued demand from central banks and the gradual impact of Fed rate cuts.
China's Mixed Economic Data Boosts Gold's Safe-Haven Appeal
On the other hand, China's official Non-Manufacturing PMI showed improvement in December, rising to 52.2 from 50.0 in November, surpassing expectations.
This indicates stronger growth in services and other non-manufacturing sectors, which could be a sign of economic recovery despite the manufacturing slowdown.
However, the official Manufacturing PMI slipped slightly to 50.1, down from 50.3 in November, reflecting weaker performance in the manufacturing sector, although still above the 50.0 mark that separates expansion from contraction.
Meanwhile, home prices in China showed a slight increase in December, with new home prices rising by 0.37% from the previous month. On a year-on-year basis, prices rose by 2.68%, higher than November's growth of 2.40%.
This indicates that the property market is stabilizing, helped by government measures to support homebuying, such as cutting mortgage rates and reducing down payments.
Despite the challenges faced by the property sector, these efforts suggest that China is working to revive the market after a tough period following the debt crisis in 2021.
The mixed economic data from China, including weaker manufacturing and improving services, may increase uncertainty, potentially supporting gold. Gold often benefits from economic slowdowns or instability, as investors seek safe-haven assets during periods of market volatility.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,624.26, marking a modest 0.71% gain, as cautious optimism prevails in the precious metals market.
On the 4-hour chart, the pivot point at $2,626.95 is pivotal for defining short-term momentum. Immediate resistance stands at $2,638.91, followed by $2,651.73 and $2,665.31.
On the downside, immediate support lies at $2,593.70, with deeper levels at $2,577.23 and $2,561.89, providing crucial stability if bearish sentiment intensifies.
Gold's technical indicators offer mixed signals. The RSI is at 58, indicating moderate bullish momentum, while the price holds above the 50 EMA at $2,620.66, suggesting near-term strength.
However, the market faces resistance near $2,638.91, making this a critical threshold for further upward movement.
A sustained break above this level could open the path toward higher resistance zones, while failure to breach may reinforce a consolidation or bearish retracement.
Traders should monitor the $2,626.95 pivot point closely, as a decisive move below this level could trigger bearish sentiment, with potential targets at $2,605 and $2,593.70.
Conversely, a break above $2,638.91 would likely attract buyers, setting the stage for further gains.
Related News
EUR/USD Price Analysis – Jan 01, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate resistance at $2,638.91; higher barriers at $2,651.73 and $2,665.31.
- Support Zones: Key support at $2,593.70, with deeper levels at $2,577.23 and $2,561.89 offering stability.
- Momentum Indicators: RSI at 58 shows moderate bullishness; price holds above the 50 EMA at $2,620.66, signaling near-term strength.
Gold (XAU/USD) is trading at $2,624.26, marking a modest 0.71% gain, as cautious optimism prevails in the precious metals market.
On the 4-hour chart, the pivot point at $2,626.95 is pivotal for defining short-term momentum. Immediate resistance stands at $2,638.91, followed by $2,651.73 and $2,665.31.
On the downside, immediate support lies at $2,593.70, with deeper levels at $2,577.23 and $2,561.89, providing crucial stability if bearish sentiment intensifies.
Gold's technical indicators offer mixed signals. The RSI is at 58, indicating moderate bullish momentum, while the price holds above the 50 EMA at $2,620.66, suggesting near-term strength.
However, the market faces resistance near $2,638.91, making this a critical threshold for further upward movement.
A sustained break above this level could open the path toward higher resistance zones, while failure to breach may reinforce a consolidation or bearish retracement.
Traders should monitor the $2,626.95 pivot point closely, as a decisive move below this level could trigger bearish sentiment, with potential targets at $2,605 and $2,593.70.
Conversely, a break above $2,638.91 would likely attract buyers, setting the stage for further gains.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2626
Take Profit – 2605
Stop Loss – 2639
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$2100/ -$1300
Profit & Loss Per Mini Lot = +$210/ -$130
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Critical Pivot: Gold remains below the pivot point at $2,620.16, reinforcing short-term bearish bias.
- Resistance Levels: Immediate resistance lies at $2,638.91, with potential upside targets at $2,651.73 and $2,665.31.
- Bearish Signals: RSI at 43 and a price below the 50 EMA suggest weak momentum in the current session.
Gold (XAU/USD) is trading at $2,608.34, up 0.10%, as cautious optimism dominates amid low-volume, year-end trading. The pivot point at $2,620.16 remains critical, with prices struggling to sustain upward momentum.
Immediate resistance lies at $2,638.91, with further barriers at $2,651.73 and $2,665.31. On the downside, support is found at $2,593.70, followed by $2,577.23 and $2,561.89, key levels for maintaining bearish momentum.
The 4-hour chart reveals gold trading just below its 50 EMA at $2,620.02, signaling near-term weakness. The Relative Strength Index (RSI) stands at 43, reflecting mild bearish sentiment without indicating oversold conditions.
A break above $2,620.16 could shift momentum upward, targeting resistance at $2,638.91. Conversely, failure to hold above the pivot point may lead to declines, testing support at $2,593.70.
Gold’s price action is being shaped by broader market sentiment, with traders balancing geopolitical risks and expectations of the Federal Reserve’s 2025 rate policy.
A breakout above $2,638.91 would suggest renewed buying interest, while a decisive drop below $2,593.70 could accelerate selling pressure.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2612
Take Profit – 2594
Stop Loss – 2624
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$1800/ -$569
Profit & Loss Per Mini Lot = +$180/ -$120
GOLD Price Analysis – Dec 31, 2024
Daily Price Outlook
Gold prices are closing out 2024 with a remarkable 26% gain, marking the metal's best annual performance since 2010.
This surge was fueled by robust central bank buying, heightened geopolitical risks, and a wave of monetary policy easing by major central banks. Gold last touched an all-time high of $2,790.15 on October 31, driven by a series of record-breaking rallies throughout the year.
“Rising geopolitical tensions, central bank demand, and renewed inflows into gold-linked Exchange Traded Commodities (ETCs) were key drivers of the rally,” noted Aneeka Gupta, Director of Macroeconomic Research at WisdomTree.
These dynamics made gold one of the top-performing assets of 2024, even as other markets faced headwinds from inflationary pressures and economic uncertainties.
Challenges Ahead: Dollar Strength and Slower Rate Cuts
Despite its stellar run, gold faces potential challenges in 2025. A stronger U.S. dollar and a more cautious Federal Reserve could moderate the metal’s upward momentum.
The Fed’s decision to implement a third consecutive rate cut in December was tempered by a warning of fewer cuts in 2025, reflecting concerns over persistent inflation.
Additionally, the incoming Trump administration’s economic policies—focused on tariffs, deregulation, and tax reforms—are expected to introduce further volatility into global markets. Such uncertainty, however, could bolster gold’s appeal as a safe-haven asset.
“Gold could continue to thrive in 2025 if geopolitical tensions escalate under Trump’s leadership, drawing investors toward this time-tested safe haven,” said Han Tan, Chief Market Analyst at Exinity Group.
2025 Outlook: Could Gold Hit $3,000?
Analysts remain optimistic about gold’s trajectory in the coming year. Goldman Sachs commodities strategist Daan Struyven projects prices could reach $3,000 per ounce, citing sustained central bank demand and renewed interest in gold ETFs as key factors.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,608.34, up 0.10%, as cautious optimism dominates amid low-volume, year-end trading. The pivot point at $2,620.16 remains critical, with prices struggling to sustain upward momentum.
Immediate resistance lies at $2,638.91, with further barriers at $2,651.73 and $2,665.31. On the downside, support is found at $2,593.70, followed by $2,577.23 and $2,561.89, key levels for maintaining bearish momentum.
The 4-hour chart reveals gold trading just below its 50 EMA at $2,620.02, signaling near-term weakness. The Relative Strength Index (RSI) stands at 43, reflecting mild bearish sentiment without indicating oversold conditions.
A break above $2,620.16 could shift momentum upward, targeting resistance at $2,638.91. Conversely, failure to hold above the pivot point may lead to declines, testing support at $2,593.70.
Gold’s price action is being shaped by broader market sentiment, with traders balancing geopolitical risks and expectations of the Federal Reserve’s 2025 rate policy.
A breakout above $2,638.91 would suggest renewed buying interest, while a decisive drop below $2,593.70 could accelerate selling pressure.
Related News
- USD/CAD Price Analysis – Dec 31, 2024
GOLD Price Analysis – Dec 30, 2024
Daily Price Outlook
Gold (XAU/USD) has been trading within a narrow range, showing mixed signals around the 2,619 level, with an intraday high reaching 2,628.
This sluggish movement can be attributed to several factors, including expectations of fewer Fed rate cuts in 2025 and the ongoing geopolitical risks, such as the prolonged Russia-Ukraine conflict and rising tensions in the Middle East.
Despite this, gold continues to find upward support as markets await further clarity on the U.S. economy under the potential Trump administration and the Federal Reserve's stance on interest rates for the coming year.
Investors are closely watching for any signals that might provide direction in the coming months.
Gold's Performance Amid US Dollar Weakness and Geopolitical Tensions
On the US front, the broad-based US dollar has been slightly weaker, trading around 108.00 on the US Dollar Index (DXY), just below its highest level since November 2022.
Traders are still digesting the US Federal Reserve's (Fed) recent moves, including a quarter-point rate cut in December.
The latest Fed projections suggest two more rate cuts next year, but this cautious outlook for rate cuts could limit gold's potential upside.
As a non-yielding asset, gold often benefits when interest rates are lower or when Treasury yields decline.
Gold is also receiving support from geopolitical tensions, such as the ongoing Russia-Ukraine conflict and escalating issues in the Middle East. Recently, Israeli forces attacked hospitals in Gaza, resulting in casualties and heightened concerns.
These risks, along with potential trade conflicts under the incoming Trump administration, could increase the demand for safe-haven assets like gold, as investors seek protection against global uncertainties.
Looking at gold’s performance, the yellow metal is set to finish the year with a remarkable 27% gain, marking its strongest annual performance since 2010.
This surge has been driven by central bank buying, rising geopolitical risks, and loose monetary policies from major central banks.
Therefore, the combination of a subdued US dollar and falling Treasury yields is adding to gold’s strength.
While gold continues to find upward support, the outlook for the US economy and Fed's policy changes in 2025 remains key factors to watch for further price movements.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,619.77, down 0.09% in the last session, as bearish momentum dominates short-term price action.
The pivot point at $2,627.06 remains a key level to monitor. Prices staying below this threshold signal a continuation of the bearish bias, with immediate support at $2,607.94. Further declines could test secondary support levels at $2,593.70 and $2,577.23.
Resistance levels on the upside are clustered at $2,638.91, $2,651.73, and $2,665.31, presenting significant barriers to bullish recovery.
The Relative Strength Index (RSI) at 44 reflects moderately bearish momentum, with no immediate signs of oversold conditions. The 50 EMA, positioned at $2,622.68, reinforces the bearish trend, as gold continues to trade below this level.
A symmetrical triangle pattern on the 4-hour chart indicates potential for a breakout. However, the formation of a bearish engulfing candle suggests downward pressure remains dominant.
A short-term sell strategy below $2,627 with a target of $2,608 and a stop loss at $2,643 aligns with the current technical landscape.
Related News
- EUR/USD Price Analysis – Dec 30, 2024
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Point: $2,627.06 is the critical threshold; bearish below this level.
- Support Levels: Key supports at $2,607.94, $2,593.70, and $2,577.23.
- Resistance Levels: Barriers at $2,638.91, $2,651.73, and $2,665.31 limit upside potential.
Gold (XAU/USD) is trading at $2,619.77, down 0.09% in the last session, as bearish momentum dominates short-term price action.
The pivot point at $2,627.06 remains a key level to monitor. Prices staying below this threshold signal a continuation of the bearish bias, with immediate support at $2,607.94. Further declines could test secondary support levels at $2,593.70 and $2,577.23.
Resistance levels on the upside are clustered at $2,638.91, $2,651.73, and $2,665.31, presenting significant barriers to bullish recovery.
The Relative Strength Index (RSI) at 44 reflects moderately bearish momentum, with no immediate signs of oversold conditions. The 50 EMA, positioned at $2,622.68, reinforces the bearish trend, as gold continues to trade below this level.
A symmetrical triangle pattern on the 4-hour chart indicates potential for a breakout. However, the formation of a bearish engulfing candle suggests downward pressure remains dominant.
A short-term sell strategy below $2,627 with a target of $2,608 and a stop loss at $2,643 aligns with the current technical landscape.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2627
Take Profit – 2608
Stop Loss – 2643
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$1900/ -$1600
Profit & Loss Per Mini Lot = +$190/ -$160