Gold Approaches Record Highs Amid Bullish Momentum
Gold Hits 12-Week High
Over the past four weeks, Gold has gained 5.5%, and over the last 12 months, it has surged 37.54%.
Gold Futures are approaching record highs, driven by a weaker U.S. dollar and ongoing uncertainty around tariffs.
Gold Technical Analysis
Gold remains in a strong bullish zone after breaking the 2759 level, with momentum building toward the 2788 all-time high (ATH).
If the price closes a 4-hour candle above 2788, it is likely to extend gains toward 2804 and potentially 2813.
However, if the price stabilizes below 2788, there is a strong possibility of a correction back to 2759.
Key Levels
Pivot Point: 2775
Resistance Levels: 2788, 2804, 2813
Support Levels: 2759, 2747, 2739
Previous idea:
Over the past four weeks, Gold has gained 5.5%, and over the last 12 months, it has surged 37.54%.
Gold Futures are approaching record highs, driven by a weaker U.S. dollar and ongoing uncertainty around tariffs.
Gold Technical Analysis
Gold remains in a strong bullish zone after breaking the 2759 level, with momentum building toward the 2788 all-time high (ATH).
If the price closes a 4-hour candle above 2788, it is likely to extend gains toward 2804 and potentially 2813.
However, if the price stabilizes below 2788, there is a strong possibility of a correction back to 2759.
Key Levels
Pivot Point: 2775
Resistance Levels: 2788, 2804, 2813
Support Levels: 2759, 2747, 2739
Previous idea:
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