-
Today Technical Analysis: Gold Reaches A New All-Time High Above $3,600
Gold recovered strongly from $3,511 support, then pushed higher toward all-time high $3,600. Price is currently consolidating just below $3,600 with the moving average MA(30) catching up from below, keeping the uptrend structure intact. Short moving averages MA(5) and MA(10) are flattening, indicating that momentum is cooling but, with no reversal yet. MACD has recently shifted negative, signaling short-term weakening. Price action remains bullish above $3,560, but momentum has slowed. Breakout above the record high of $3,600 could target $3,650, while failure to hold $3,560 risks a deeper retracement. chart Dow ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From moneycheck.com | Sep 7, 2025
Gold has surged to a new record high, while Bitcoin has shown weakness against it, drawing fresh criticism from gold advocate Peter Schiff. Schiff pointed out that Bitcoin has dropped in value when measured in gold, raising questions about its reliability as a store of value. At the same time, analysts have warned that Bitcoin could face more pressure if ...
I wrote on 31st August that the best trades for the week would be: • Long of the S&P 500 Index if we see a daily (New York) close above 6,515. This did not set up. • Long of Gold or following a daily (New York) close above $3,500 for more cautious traders. Gold rose by 4.10% over the week. • Long of Silver or following a daily (New York) above $40 for more ...
From marketpulse.com | Sep 8, 2025
The usual suspect: Gold, A.K.A. The Bullion (or just "bully" for people who are caught short). Gold has always been a very complex asset. It does not have a face value yet it serves as store of value for many Central Banks. It cannot be eaten yet people always starve for it. And these days, it not-only is at the center of the 2025 Trump-Administration ...
