Gold Breaks Records, Continues to Surge
Gold prices continue their powerful rally, surpassing the $2,900 mark and reaching a new all-time high. The bullish momentum shows no signs of weakening as demand for safe-haven assets rises amid concerns over Trump’s trade tariffs. Despite the Fed’s hawkish stance and a resilient USD, gold maintains its upward trajectory, reinforcing its status as the ultimate safe-haven asset.
On the 4-hour chart, XAU/USD is forming a short-term correction before resuming its uptrend. A key support level is positioned at $2,897, where a retest could occur before a further push higher. The next target stands at $2,971, with potential for an extension beyond that level.
Buy on pullback to support
Entry: $2,897–$2,900
Take Profit (TP): $2,971 and beyond
Stop Loss (SL): $2,880
Buy on breakout of resistance
Entry: Upon a confirmed breakout above $2,971
Take Profit (TP): $3,000
Stop Loss (SL): $2,950
On the 4-hour chart, XAU/USD is forming a short-term correction before resuming its uptrend. A key support level is positioned at $2,897, where a retest could occur before a further push higher. The next target stands at $2,971, with potential for an extension beyond that level.
Buy on pullback to support
Entry: $2,897–$2,900
Take Profit (TP): $2,971 and beyond
Stop Loss (SL): $2,880
Buy on breakout of resistance
Entry: Upon a confirmed breakout above $2,971
Take Profit (TP): $3,000
Stop Loss (SL): $2,950
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