Gold prices rose last week, hitting a record high of around $3,057 before closing near $3,030. The increase was driven by geopolitical tensions and expectations of U.S. interest rate cuts. Analysts remain bullish, forecasting further gains in the coming months.
Below the 3035 level, the price experienced a correction. A break above this level is necessary to reach the previous all-time high. I expect the price will continue attempting to break this level, but only after completing its correction. This correction may extend further, potentially reaching as low as 3014.
Bullish target: 3035, 3053, 3080
Bearish target: 3014, 2998, 2982
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Below the 3035 level, the price experienced a correction. A break above this level is necessary to reach the previous all-time high. I expect the price will continue attempting to break this level, but only after completing its correction. This correction may extend further, potentially reaching as low as 3014.
Bullish target: 3035, 3053, 3080
Bearish target: 3014, 2998, 2982
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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Gold prices dropped on Monday as the dollar touched an over two-week high, while investors took stock of U.S. President Donald Trump’s more cautious stance on tariffs against trading partners.
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.