Saad Ullah
Gold just made history. This surge highlights gold's enduring appeal as a safe haven when geopolitical tensions rise and economic confidence wavers. The chart suggests there's room to run if the metal can push decisively past nearby resistance.
What the Chart Is Telling Us
According to a recent post from Barchart, gold futures broke into record territory, with the December 2025 contract (GCZ25) now trading above $4,350. The daily chart paints a picture of relentless upward momentum. Since mid-August, gold has climbed from under $3,600 to clear $4,350 in just two months. The red dotted line at $4,392 represents the next major hurdle—the current rally touched that zone but pulled back slightly, showing some short-term hesitation. On the downside, immediate support rests near $4,200, with a stronger floor around $4,000 where buyers previously stepped in. The pattern of higher highs and higher lows confirms the bullish trend is alive and well, backed by solid buying volume. While there may be some near-term profit-taking, the uptrend stays intact as long as gold holds above $4,200.
Several forces are driving this record-breaking run:
- Geopolitical Risks: Escalating tensions between major powers are pushing investors toward safety
- U.S. Fiscal Worries: Ongoing deficits and political gridlock fuel uncertainty, making gold more attractive
- Monetary Policy Expectations: Speculation about future rate cuts or renewed liquidity measures adds fuel to the rally
- Inflation Protection: Even with cooling inflation, investors still see gold as a hedge against long-term currency weakness
The Bottom Line
Gold's climb past $4,350 reflects strong safe-haven demand in today's shaky macro environment. While the $4,392 resistance level might cause some short-term turbulence, the bigger picture remains bullish. The real question now is whether gold can keep this momentum going. If global risks stick around and central banks shift toward easier policy, we could be entering a new phase of price discovery—reinforcing gold's status as the ultimate store of value.
Saad Ullah
