Is Gold on the Verge of a Breakout?

by JFD Research
10:28, 2025/04/29

Is Gold on the Verge of a Breakout?

Gold has been trading sideways in a noticeably narrow range over the past few days. Following the highly volatile moves in recent weeks, the market appears to have lost momentum — but this calm could be the quiet before the storm.

Currently, gold is trading around the $3,300 mark, fluctuating between two converging trendlines. The decreasing volatility suggests a breakout may be imminent — the only question is: which direction will it take?

From a technical perspective, a continuation of the prevailing uptrend seems likely. A breakout to the upside could pave the way toward the recent all-time highs around $3,500 — a realistic target if buying pressure picks up again.

On the downside, the next key support level lies near $3,200. A pullback to this zone would run counter to the broader trend but could present attractive entry opportunities for medium- to long-term investors.

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