Is Gold on the Verge of a Breakout?

Cargando…

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.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).