Gold exploded higher again on Monday, climbing to $3,413, a new all-time high. The uptrend remains unstoppable for now:
🚀 Price is up nearly +2.6% on the day
📈 Strong support from rising trendline and 50-day SMA
📊 MACD is accelerating, signaling strong momentum
⚠️ RSI has entered overbought territory at 76.83, but no bearish divergence yet
The trend is your friend – and for now, bulls remain firmly in control. Traders eye $3,500 as the next major psychological milestone, while any pullbacks may find support near $3,300 or the trendline.
🚀 Price is up nearly +2.6% on the day
📈 Strong support from rising trendline and 50-day SMA
📊 MACD is accelerating, signaling strong momentum
⚠️ RSI has entered overbought territory at 76.83, but no bearish divergence yet
The trend is your friend – and for now, bulls remain firmly in control. Traders eye $3,500 as the next major psychological milestone, while any pullbacks may find support near $3,300 or the trendline.
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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.
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.