Gold Price Forecast: Extends Gains, Eyes $3,125 Amid Strong Bullish Momentum
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Gold prices have reached a new record high of $3,087, extending gains for the third consecutive week. Technical analysis suggests potential further upside, with targets around $3,125 and potentially $3,177. The market remains bullish, with investors likely to use intraday weakness as a buying opportunity.
March 28, 2025 | 9:15 pm
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Technical analysis indicates strong bullish momentum with potential targets at $3,125 and $3,177. Consecutive weekly gains and breakout patterns suggest continued upward trajectory.
Multiple technical indicators suggest strong bullish momentum: 1) New record high at $3,087, 2) Third consecutive week of higher highs and lows, 3) ABCD pattern pointing to $3,125-$3,177 target, 4) Investors likely to buy on dips
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100