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Gold continues to reach record highs

Technical Analysis
By Mostafa Mahmoud
Gold continues to reach record highs
0 4

GOLD

الذهب 29-9-2025

Gold is trading in an upward trend in the medium term, which paves the way for higher prices and the formation of new highs. However, if the support level of $3770 is broken to the downside, prices may target the $3705 level during today’s trading.

Support

 3770 3705 –
Resistance 3820 3900

–

Gold extended its strong rally today, breaking above the $3,800 per ounce mark and recording new all-time highs, supported by the weaker U.S. dollar and growing market bets on upcoming Federal Reserve rate cuts. This advance reflects renewed confidence in the yellow metal as a safe-haven asset amid global economic and political uncertainty. However, holding above $3,780 keeps the bullish outlook intact and increases the likelihood of targeting new levels between $3,845 and $3,870 in the near term.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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