Gold Futures

GOLD Follows "Buy The Dip" Mode, Being Supported by 200-hour SMA

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Gold prices have experienced significant volatility over the last days, with conflicting reports on the current trend. According to some sources, gold prices have increased, with spot gold reaching $3,500 per troy ounce, new all the history high on Tuesday, April 22, 2025.

The $3,500 milestone has sparked increased interest from investors and market analysts, meaning that Gold spot doubled in price over the past 5 years, 3rd time in history ever.

Despite the short-term volatility, gold has shown a strong performance since the beginning of 2025, with an increase of approximately 30-35% year-to-date. Market analysts remain bullish on gold, with some forecasting prices to reach $ 4'000 per ounce in the near term.

The main 1-hour graph indicates on 200-hours SMA technical support, with further upside opportunity due to forming on the chart descending triangle (flat bottom/ descending top) breakthrow.

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