Global Gold Analysis (Daily Time Frame)
After a strong breakout above the critical $2,725 resistance, global gold prices approached their all-time high. The key question is whether gold will surpass its historical peak this week and set new records.
- Primary Scenario: Gold is expected to maintain its bullish trend. However, before continuing upward, it might initiate a pullback and correct down to the $2,725 zone before resuming its rally.
- Alternative Scenario: If buying pressure remains strong, gold could powerfully break its historical high. In this case, new record highs are likely.
Gold Analysis (4-Hour Time Frame)
- Primary Scenario: Gold may correct to around $2,763 or consolidate in this range before continuing its upward trend. Once it breaks its historical high at $2,790, it could achieve new all-time highs.
- Alternative Scenario: If gold breaks below the critical $2,763 level and stabilizes beneath it, the next target would be the $2,725 support zone.
Gold Analysis (15-Minute Time Frame)
- Primary Scenario: If gold breaks below the key $2,770 level and stabilizes, the next target will be $2,762.
- Alternative Scenario: If gold continues upward and breaks above the $2,775 resistance, the next target will be $2,786.