Gold, fundamentally getting high demand this year. Because Various central banks have been increasing their reserves of gold in the world. This is the main factor in the price hike of gold. Without this, the US dollar’s weakness and negative perception boost the gold price. Recently US Central Bank has cut down its interest rate, that give fuel to sky high the gold also. Gold technically, as per the weekly chart, started the bullish long-term trend in the year of 2016, then the gold price was 1380.00. We are seeing that bull run is fully Intact after 9 years!

Gold, as per the daily chart, is a bullish reversal in November 2022. After this bullish burst, gold reached 3500.05 as a new price record high on this year’s date, 22-04-2025. Then gold has been trading in a range for nearly five months. Last month 02  September, gold was able to break the range with high spike volume. It was a perfect bullish breakout! And gold is starting on after another high price record! Gold in last week, the price of gold went to a new high record of 3897.26! We are now seeing a bullish, continuous Inside bar price action pattern in the daily chart. so. We expect that if the gold price breaks the price label 3897.2,6, the gold price could go even higher and make another price high record!!