GOLD – The Sky is the Limit 🚀

Hardly a day goes by without gold pushing towards new all-time highs—seemingly unaffected by current U.S. dollar movements. But where does this rally end?

Trend Remains Intact – Next Target: $3,000?

The broader uptrend remains firmly in place, and the next major milestone is coming into focus: the $3,000 mark. If this momentum continues, reaching this level in the near future appears increasingly realistic.

Key Levels to Watch

The critical support area has now shifted upward from $2,745 to $2,830.
Despite this move, the $2,745 level remains an important long-term support zone.

Caution with Short Positions

Given the current strength in momentum, shorting gold remains risky. As long as no significant resistance levels emerge and the trend stays intact, the bullish scenario continues to dominate.

📌 Conclusion: Gold continues to show remarkable strength, and as long as this momentum holds, $3,000 remains a highly achievable target.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).