While macroeconomic tensions are intensifying, gold continues records and crosses a new summit at 3,245 dollars. Brought by the fall of the dollar and the increase in bond yields, the precious metal confirms its role of refuge. Analysis of an upward trend that seems far from over.
Gold explodes at 3,245 dollars when Trump is shaking the markets!
In a high -tension global context, gold shines more than ever. Especially since last month, the yellow metal reached a new Ath at 3,059 dollars. Last week, the precious metal still recorded a spectacular performance, climbing up to $ 3,245, an absolute record. This flight of 9.76 % from the weekly hollow, comes while the yields of US treasury bills explode from 4 % to 4.5 %, and the US dollar Flanche. The market is clearly looking for shelters … and gold is the first beneficiary.
The Haussier de l'Or movement had started in 2024, after the resolution of a symmetrical triangle forming a Bull Pennant. This technical pattern paved the way for a dazzling increase of more than 40 %. Despite a temporary decline around 2956 dollars, a key level tested in February 2025, buyers came back in force last Tuesday! Thus marking a hollow on a bullish doji. This reversal signal was validated the next day, in particular thanks to the announcement of Donald Trump on customs duties.
What technical areas to supervise?
In the short term, levels of $ 3150 and $ 3,200 could serve as supports in the event of withdrawal. If the correction was to increase, areas of 3100 dollars, 3050 to 3057 dollars and even 3,000 dollars represent potential rebound points. As long as gold support at 2956 dollars remains intact, the upper dynamic remains in place.
The gold market continues to ride a wave of economic and geopolitical concerns, especially if the US government sells part of its stock to create a Bitcoin reserve. But faced with a parabolic trend, patience remains an essential weapon for traders. Waiting a fold on key support can offer a more serene entry … because in a euphoric market, emotions are often the worst advisers.
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