From the daily chart, the gold price is breaking through the important resistance level and forming a strong upward trend. The price is currently trading around $3,400 and has successfully broken through the key resistance area of $3,330. The Bollinger Band indicator shows that the middle track is at 3231.01, the upper track is at 3485.06, and the lower track is at 2976.97, indicating that the current price is near the upper track of the Bollinger Band, showing strong upward momentum.
The RSI indicator shows that the current value is 64.07, which is in the neutral to strong area. It has not yet reached the overbought level and still has room to rise.
The gold price has maintained a steady upward channel since 2025, and has recently formed a short-term rising flag consolidation, which is usually regarded as a bullish continuation pattern. The key support is at $3,300 and $3,230 (corresponding to the rising trend line), while the resistance is at the psychological level of $3,400 and $3,500. If it can stand firm at $3,400 in the short term, it is expected to hit the historical high of $3,499.83, and once it breaks through, it will open up the possibility of higher prices.
To sum up, gold is still mainly based on falling back and going long
The RSI indicator shows that the current value is 64.07, which is in the neutral to strong area. It has not yet reached the overbought level and still has room to rise.
The gold price has maintained a steady upward channel since 2025, and has recently formed a short-term rising flag consolidation, which is usually regarded as a bullish continuation pattern. The key support is at $3,300 and $3,230 (corresponding to the rising trend line), while the resistance is at the psychological level of $3,400 and $3,500. If it can stand firm at $3,400 in the short term, it is expected to hit the historical high of $3,499.83, and once it breaks through, it will open up the possibility of higher prices.
To sum up, gold is still mainly based on falling back and going long
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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.