Gold has surged to a historic milestone, breaking above the $4,500 per ounce level and setting a new all-time high at $4,525.77 before easing slightly. This powerful move marks gold’s strongest annual performance since 1979, with prices up more than 70% on the year, underscoring the strength and conviction behind the rally. U.S. gold futures confirmed the trend, briefly touching $4,555.10 an ounce, while strong inflows into gold-backed ETFs signal sustained investor confidence rather than short-term speculative activity.

The rally is being driven by a combination of supportive macro and geopolitical factors. Growing expectations that the U.S. Federal Reserve will begin cutting interest rates and maintain an accommodative stance into 2026 have reduced the opportunity cost of holding non-yielding assets like gold. At the same time, a sharply weaker U.S. dollar—on track for its worst annual performance in eight years—has made gold more attractive to global investors. Escalating geopolitical tensions, including developments around Venezuelan oil and the ongoing Ukraine conflict, have further reinforced gold’s role as a safe-haven asset, while consistent and aggressive buying by global central banks continues to provide strong structural support.

From a technical perspective, the trend remains firmly bullish, but momentum is stretched. The Relative Strength Index is in overbought territory, suggesting the potential for a short-term pause or pullback. Key immediate support sits around $4,338, with a broader support zone in the $4,200–$4,240 range. Despite near-term risks, gold continues to trade well above its 50-day and 200-day moving averages, and a recent bullish crossover of the 9-day SMA above the 50-day SMA reinforces the longer-term upside trend. While $4,500 now stands as a major psychological resistance, many traders may look to buy dips toward key support levels as long as the broader bullish structure remains intact.

#BTCVSGOLD #WriteToEarnUpgrade #BitcoinETFMajorInflows #LearnWithFatima $ETH $BTC $BNB