Gold’s 8-Week Surge: Is the Bull Run Overstretched? [Weekly XAU/USD Analysis + Forecast]
Hello, fellow traders!
Gold has surged past $2,950, extending its winning streak to eight weeks as geopolitical risks, central bank buying, and trade tensions keep driving demand.
Concerns over new tariffs on foreign cars, semiconductor chips, and pharmaceuticals are pushing more investors toward safe-haven assets like Gold. Meanwhile, countries like China, India, and other emerging markets continue accumulating the precious metal, adding long-term support to prices.
At the same time, Goldman Sachs has raised its year-end Gold forecast to $3,100 - $3,300 if political and trade tensions increase.
In this week’s update, I’ll:
Decode the technicals: pinpoint the hidden technical clues that could signal a sudden breakout—or a ruthless selloff.
Unpack the global data: highlight the global economic numbers making waves and where they could push Gold’s price in the mid term.
Identify strategic “make-or-break” price zones.
Spot the sentiment shifts: what’s brewing beneath the surface and why this matters for Gold’s future direction.
Predict what’s next for Gold + trading setups: give away my short-term and mid-term calls for where XAU/USD is headed and offer several trading setups in the current market.
📊 Let’s look at the technical data
1h charts
Key takeaways:
Short-term sentiment bearish.
Long-term trend →
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