Gold Hits Record Highs — Is a Pullback Next?
Gold (XAU/USD) has surged past $4,300/oz, setting new all-time highs as investors seek safety in an uncertain global environment.
The metal remains well above both its 50-day SMA and 200-day EMA, confirming strong bullish momentum. However, with RSI in overbought territory, a short-term pullback or consolidation may be on the horizon.
Drivers Behind the Rally:
• Renewed U.S.–China trade tensions and geopolitical risks
• A dovish Fed and continued dollar weakness
• Central bank accumulation and inflation concerns lifting safe-haven demand
Some analysts are already projecting $5,000/oz by 2026 if current conditions persist.
Key Levels:
• Resistance: $4,300 / $4,350
• Support: $4,190 / $4,140 / $4,060
Traders may consider locking in partial profits near highs or looking for entries on dips toward support zones.
Gold’s surge is more than a technical move—it reflects a deeper shift from fiat confidence to tangible value.
Bias: Neutral to Bullish
This post is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed professional before investing.
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