Gold (
XAU) continues its powerful uptrend, repeating a clear and profitable trading pattern: explosive moves (20-30% gains), brief sideways consolidations, and renewed breakouts. Since early 2024, three such cycles have occurred, each flagged by red breakout arrows on the 1W chart.
Currently, gold is forming another tight consolidation range between roughly $3,200–3,450. Historically, these consolidations have consistently resolved upward. If the pattern repeats, the next target zones lie around $3,985 (+20%) and $4,385 (+30%). Such bullish targets align with major banks: Goldman Sachs targets $3,700 by year-end and potentially $4,500 in high-risk scenarios, while J.P. Morgan forecasts $4,000 by mid-2026.
Several factors fuel gold’s bullish momentum:
• Central-bank buying remains robust, projected to surpass 1,000 tonnes for the fourth consecutive year.
• Geopolitical risks, tariff disputes, and a weakening USD have enhanced gold’s appeal as a safe-haven asset.
• Central banks increasingly prioritize gold for reserve diversification and risk management, not just speculation.
So, to be short: if weekly closes stay above the $3,200 support, gold likely continues its bullish momentum toward the $4,000 handle.
XAU) continues its powerful uptrend, repeating a clear and profitable trading pattern: explosive moves (20-30% gains), brief sideways consolidations, and renewed breakouts. Since early 2024, three such cycles have occurred, each flagged by red breakout arrows on the 1W chart.Currently, gold is forming another tight consolidation range between roughly $3,200–3,450. Historically, these consolidations have consistently resolved upward. If the pattern repeats, the next target zones lie around $3,985 (+20%) and $4,385 (+30%). Such bullish targets align with major banks: Goldman Sachs targets $3,700 by year-end and potentially $4,500 in high-risk scenarios, while J.P. Morgan forecasts $4,000 by mid-2026.
Several factors fuel gold’s bullish momentum:
• Central-bank buying remains robust, projected to surpass 1,000 tonnes for the fourth consecutive year.
• Geopolitical risks, tariff disputes, and a weakening USD have enhanced gold’s appeal as a safe-haven asset.
• Central banks increasingly prioritize gold for reserve diversification and risk management, not just speculation.
So, to be short: if weekly closes stay above the $3,200 support, gold likely continues its bullish momentum toward the $4,000 handle.
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Website:
klondikepro.com/
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t.me/CryptoKlondike
Twitter:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.