Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President N
Contract highlights
๏ปฟGold: Primarily HigherIn our primary scenario, we expect gold to set a new all-time high as part of the ongoing beige wave I. To achieve this, the price should soon generate more upward momentum during the subordinate light green wave 5 and surpass the current all-time high from April 22. Once the wave I cycle has conclu
GC/GOLD bull rally setupHigh potential: looking for a 60 SMA support (~3200) in 2 weeks and then continue the bull rally (green path)
Medium potential: looking for a 20 weekly SMA support (~3140) in 1 month and then continue the bull rally (cyan path)
Low potential: directly break out next week (red path), but indicators
Gold Still bearish for the momentLooking for gold to fill in a Bullish gap before I consider longs. price is pretty bearish this week and im thinking it due to the contract roll and month end close. Looking for price to find some area of support before considering going Long. As always we wait for the Killzones.
Scalp it or Swing it, but its bearish There is 65% chance that this trade would hit. Only time will tell though.
The upper trendline is bearish and it held for long, will whales manipulate the price and get the liquidity above then continue lower or the price will just hit lower? only time will tell.
I think maybe we will be visitin
See all ideasย
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Related commodities
๏ปฟFrequently Asked Questions
๏ปฟThe current price of Gold (Mini) Futures (Jun 2026) is 3,528.00ย USD โ it has risen 2.46% in the past 24 hours. Watch Gold (Mini) Futures (Jun 2026) price in more detail on the chart.
Track more important stats on the Gold (Mini) Futures (Jun 2026) chart.
The nearest expiration date for Gold (Mini) Futures (Jun 2026) is May 27, 2026.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold (Mini) Futures (Jun 2026) before May 27, 2026.
Open interest is the number of contracts held by traders in active positions โ they're not closed or expired. For Gold (Mini) Futures (Jun 2026) this number is 10.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold (Mini) Futures (Jun 2026) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold (Mini) Futures (Jun 2026). Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold (Mini) Futures (Jun 2026) technicals for a more comprehensive analysis.