Current StatusGold is trading around $4,340 – $4,350 per ounce.
Last week mein strong rally dikhi — early August ke ~$4,050 se almost $300+ ka jump. Best weekly performance since January.Technical View
Strong breakout multi-week consolidation se upar.
Near-term resistance: $4,380 – $4,400
Next major target zone: $4,450 – $4,500
Agar momentum continue raha to short-term upside $4,600+ bhi possible.
Support: $4,300 then $4,175 area.
Drivers
Safe-haven demand
Geopolitical tensions
US data (CPI next week) aur Fed rate expectations
Central banks continue buying
Next Possible MoveBullish bias remains.
Most likely next target range: $4,450 – $4,520 in the coming days/weeks if it holds above $4,300.
Break of $4,380 with volume can accelerate the move.
Last week mein strong rally dikhi — early August ke ~$4,050 se almost $300+ ka jump. Best weekly performance since January.Technical View
Strong breakout multi-week consolidation se upar.
Near-term resistance: $4,380 – $4,400
Next major target zone: $4,450 – $4,500
Agar momentum continue raha to short-term upside $4,600+ bhi possible.
Support: $4,300 then $4,175 area.
Drivers
Safe-haven demand
Geopolitical tensions
US data (CPI next week) aur Fed rate expectations
Central banks continue buying
Next Possible MoveBullish bias remains.
Most likely next target range: $4,450 – $4,520 in the coming days/weeks if it holds above $4,300.
Break of $4,380 with volume can accelerate the move.