Gold Spot / U.S. Dollar
Long
Updated

GOLD HITS RECORD OF $3040....WHATS NEXT???

174
Gold has hit $3,040 per troy ounce for the first time in history. According to Goldman Sachs, gold could rise another 8% in 2025, reaching $3,100. But will this rally continue, or is a middle-term correction coming?
What’s Driving Gold’s Growth?
✅ Geopolitical Tensions: Conflicts in Eastern Europe and the Middle East increase demand for safe-haven assets.
✅ Inflation & Fed Policy: Persistently high US inflation keeps gold attractive as a hedge asset.
✅ Central Bank Demand: Ongoing geopolitical and economic uncertainty is driving institutional purchases.
✅Trump’s Trade Policies: New tariff wars could weaken the dollar, further supporting gold prices.


TECHNICAL ANALYSIS

SINCE gold has broken resistance of 2995 we could actually see it go $3100. buys can betaken around 2995-2991.

what are your thoughts ?
Trade active
almost at target

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.