Gold Holds Strong as Traders Eye Key Technical Levels – Will It Break Higher?

Current Price Snapshot

Spot gold is trading around $3,350–$3,355 per ounce globally.
In the UAE, that translates to about AED 12,289–12,340 per ounce (~AED 389 per gram).

Macro & Market Context

Gold is up ≈27% year-to-date, outperforming many asset classes in 2025.
Ongoing global trade tensions (e.g., US tariffs on EU/Mexico) are fueling safe-haven demand, pushing prices to recent 3‑week highs (~$3,354 per oz).
Central bank purchases remain robust (~1,000 t per year), signaling sustained institutional interest.
However, some analysts forecast a near-term pullback, noting fading momentum since April’s $3,500 peak.

Technical Analysis

Indicator	Current State	Implication
Trend channel	Uptrend from $3,286–3,301 support	Neutral–Bullish
Targets	First: $3,368; then June high at $3,451; breakout zone $3,570–3,585	Potential upside
Support levels	$3,286–3,301	Key for dips
RSI	Around mid‑60s, shifting down from 70	Cooldown from overbought
MACD	Slightly bearish crossover	Limited momentum
Bollinger Bands	Narrowing	Breakout potential pending

Interpretation:

Price remains above important supports → retains bullish bias.
A resistance breakout above ~$3,452 could trigger extension toward $3,570+.
Conversely, slip below support (~$3,286) might drag prices toward a correction zone of ~$3,200–$3,226.

Market View & Strategy

Short-term: Trading is in a consolidation-to-bullish phase—dips may offer good entry points.
Medium-term: If global tensions or rate uncertainties persist, further upside to $3,450–$3,600 is plausible.
Risks: A stronger dollar, surprise Fed rate decisions, or easing trade tensions could weaken momentum.
Analyst outlooks: HSBC raised average forecasts to $3,215–$3,125 for 2025–26, but warns of a ~25% correction risk

Heading 5

All the great plans that could have made him a truly Reforming President, were not completed and so the 44th President of US will most likely remain an “intermediate” part of American history. That is confirmed by President himself, as he now constantly compares himself (unfavorably) to truly great US leaders, like Lincoln or Franklin Delano Roosevelt.

Heading 6

Unordered List

Structured Analysis of the Situation;
Hackers Can Steal Your Financial Info with Your Name and Email;
He explained how well he will succeed in using diplomacy;
That is confirmed by President himself.

And I have to agree with him. And the funniest thing is probably that Obama still managed to accomplish pretty big steps during his Presidency. Such as the “Affordable Care Act” (Obamacare), or achieving some kind of ease of US image overseas. Anyways, the way those great Presidents Obama mentions himself has changed the country is a great comparison.

Ordered List

When people tell me that our President has delivered his 7th State of the Union speech recently, I always correct their mistake and tell it was eighth, in fact. On February 24, 2009, the start of Barack Obama’s 2nd month in office, he made an extensive speech on then ongoing Great Recession crisis. He tried to show what his personal vision for a path out was and why it was aligned with a $787 billion stimulus law that was passed that same day. Also, Mr. President talked foreign politics on that same occasion.

Structured Analysis of the Situation;
Hackers Can Steal Your Financial Info with Your Name and Email;
He explained how well he will succeed in using diplomacy;
That is confirmed by President himself.

He explained how well he will succeed in using diplomacy instead of Bush’s warmongering, strengthen old alliances and, all in all, spruce up US international image to a better one. He said: “living our values doesn’t make us weaker, it makes us safer and it makes us stronger.”

Blockquotes

For me personally, 7 years later, all these is just a short summary of all the promises Mr. Obama failed to deliver to America’s doorstep.

Roy Fowler

For me personally, 7 years later, all these is just a short summary of all the promises Mr. Obama failed to deliver to America’s doorstep.

Roy Fowler

Images

And I have to agree with him. And the funniest thing is probably that Obama still managed to accomplish pretty big steps during his Presidency. Such as the “Affordable Care Act” (Obamacare), or achieving some kind of ease of US image overseas. Anyways, the way those great Presidents Obama mentions himself has changed the country is a great comparison.

Gold&Forex