This morning, Gold continued to surge and set a new ATH at $3,759/ounce, breaking through the strong psychological resistance at $3,750.
This indicates that the current economy has entered a period of aggressive “money printing,” raising concerns that inflation could return and the Fed’s interest rate cut roadmap might be altered.
In addition, central banks are actively continuing to stockpile gold to reduce dependence on the U.S. Dollar, which is facing instability due to Trump’s actions, making gold demand higher than ever.
With these factors, by the end of this year, there is a very high possibility that Gold will reach the important milestone of $4,000/ounce without having to wait until 2026.
Technical Analysis:
In the short term, Gold may retrace to the EMA20 and EMA50 zones around $3,73x and $3,71x before rallying strongly towards $3,78x – $3,800/ounce.
Trí Hùng
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