Gold has just reached a new all-time high, and we’re currently seeing a healthy retracement, likely driven by liquidity collection. This move is part of a broader bullish structure, with market sentiment remaining strong.
We’ve identified solid support around the 3269.26 level, which has held well, offering a potential launch point for the next leg up. Our medium-term target is the 3500 resistance area. While price may not reach this level immediately, the current structure suggests a steady climb over the coming days.
Positive macroeconomic news continues to support the bullish outlook, and long-term sentiment is increasingly pointing toward the 4000 level as the next major milestone.
Stay patient, trade smart.
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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.