Gold’s price action is currently fluctuating above the trendline connecting higher lows from May 2025, potentially aiming for the trendline from December 2024, which aligns with the 2025 peak at 3,500.
A firm hold above the 3,400 and 3,450 levels could accelerate a move back toward the 3,500-record, with potential for further gains toward new highs at 3,780 and 4,000, respectively.
On the downside, a close below 3,340 may lead to a pullback to 3,280 for a possible rebound, or even a deeper retracement toward 3,230 and 3,130.
- Razan Hilal, CMT
A firm hold above the 3,400 and 3,450 levels could accelerate a move back toward the 3,500-record, with potential for further gains toward new highs at 3,780 and 4,000, respectively.
On the downside, a close below 3,340 may lead to a pullback to 3,280 for a possible rebound, or even a deeper retracement toward 3,230 and 3,130.
- Razan Hilal, CMT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.