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Gold continues its historic rise, reaching a record high

Technical Analysis
By Ahmed Ashraf
Gold continues its historic rise, reaching a record high
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GOLD

الذهب 16-9-2025

Gold is trading in an upward trend in the medium term, which opens the door for price increases and the formation of new highs. However, if the support level of $3,675 is broken to the downside, we may retest the $3,620 area in today’s trading.​

Support

 3675​ 3620​ –
Resistance 3750​ 3800​

–

Gold extended its strong rally in global markets, hitting new record levels, with the spot price rising to around $3,689 per ounce before easing slightly to $3,685, while December futures climbed to about $3,722 per ounce. This surge was supported by strong expectations of an imminent Federal Reserve interest rate cut, which pressured the U.S. dollar and boosted gold’s appeal as a safe haven. The weaker U.S. currency also strengthened global demand for the precious metal, while major markets such as India saw noticeable price increases amid continued buying interest.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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