New Record Wave in Gold: Spot Price Rises to $4,580

Gold markets are seeing increased activity. Geopolitical tensions, uncertainties regarding the US Federal Reserve's (Fed) policy roadmap, and continuous purchases by central banks have pushed spot gold to the $4,580 level. In particular, the People's Bank of China's uninterrupted gold purchases for 17 months are strengthening expectations of a 'new super rally' in the market. Analysts note that if critical technical resistance levels are broken, gold could record sharper gains. Some market experts have revised their year-end gold price forecasts up to $6,300. This has shifted investors' attention toward gold. The tendency of central banks to increase their gold reserves supports safe-haven demand. Ongoing geopolitical risks and uncertainties regarding the Fed's interest rate policy help maintain gold's appeal. Markets are now focused on the question: 'Is a new record wave coming for gold?' This is not investment advice.

📊 GLD — Piyasa Yorumu

▲ up · 65%

The rise in the spot price of gold to $4,580 can be interpreted as a strong bullish signal for GLD. However, technical indicators show the RSI at 43 and the MACD still below the zero line, suggesting that the rally may be limited. While the upward movement is expected to continue in the short term, a more cautious rise is anticipated as the market has not yet entered overbought territory. The SMA20 and SMA50 remaining well below the current price indicate that the trend is still weak.

RSI 14

43.2

MACD

-0.87

24h Δ

1.31%

📊 GOLD — Piyasa Yorumu

■ neutral · 60%

While the news supports the upward trend in gold prices, GOLD stock has surged sharply by 9.7% in the last 24 hours, with its RSI approaching the 70 level. This indicates overbought territory in the short term and increases the risk of potential profit-taking. Although the MACD remains positive, momentum appears to be nearing a peak. Therefore, a new catalyst may be needed for the rally to continue, but buying at current levels could be risky.

RSI 14

69.9

MACD

0.89

24h Δ

9.71%

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