Introduction Gold futures have extended their breakout since our previous analysis, pushing into new highs and printing $3,715.2 before easing slightly. While momentum remains strong, the overbought RSI and evening star from Tuesday could mean a pause in the rally for the moment. Let’s take a closer look… Technical Analysis Fundamentals Gold’s latest rally is Read More…
Overview Gold futures (COMEX: GC) continue to trade near record highs with massive long-term momentum and short-term consolidation. Price could be coiling up for another bullish breakout. With macroeconomic uncertainty, a weakening U.S. dollar, central bank demand, and inflation hedging flows underpinning sentiment, gold remains the strongest major asset class of 2025. Monthly Chart RSI Read More…
Introduction Gold has surged well above $3,100, extending the strong momentum observed in March and confirming the upside breakout scenario highlighted in our previous March 17 analysis. At that time, price was nearing the top of its long-standing ascending channel, trading around $2,997, and we discussed the high-probability continuation toward $3,100 and potentially higher—especially with Read More…
Introduction Gold futures (GC) have been consolidating near all-time highs, with price action stalling after eight consecutive bullish weekly candles. The market showed momentum only last Tuesday, while the rest of the week saw sideways movement. Despite this consolidation, the weekly close remained bullish, keeping the long-term uptrend intact. As of now, gold is trading Read More…
Introduction Gold has been the standout so far this quarter as geopolitical tensions persist. It is not only acting as a safe haven, but the chart has some great formations we can take advantage of. The daily chart shows just how strong the trend has been since November 2023, with the 21-week Simple Moving Average Read More…
Chart Overview Trendlines and Channel (BULLISH):The chart shows a rising channel pattern. The price is bouncing between the top and bottom lines of the channel, and these lines are clear and strong. Candlestick Analysis (BEARISH):The recent candlesticks are a mix of green and red, and the latest one is a big red candle. This is Read More…
