1. Technical Analysis (H4 & Daily Chart)
Technically, Gold is currently maintaining a Strong Bullish Trend, trading near its psychological resistance levels.
- Current Price: Gold is trading between approximately $4,495 and $4,505.
- Support Levels: If a price correction occurs, the first strong support is at $4,450. Below this, $4,410 serves as a critical pivot point.
- Resistance Levels: The next major target for bulls is $4,550. A breakout above this could push Gold toward a new psychological milestone of $4,600.
Indicators (Two Fingers/Ungli Strategy):
- Moving Averages: The 5-period MA (Fast) remains above the 22-period MA (Slow), confirming a sustained buying trend.
- RSI: The Relative Strength Index is near 70, indicating "Overbought" conditions. This suggests a minor price pullback or correction might occur before the next leg up.
2. Fundamental Analysis (Market Drivers)
Several global factors are keeping Gold prices at these historic highs in 2026:
- Global Uncertainty: Ongoing geopolitical tensions in 2026 have driven investors toward Gold as a "Safe Haven" asset to protect their capital.
- Inflation & Currency Value: Fluctuations in major currencies (like the US Dollar) and persistent global inflation have significantly increased the demand for Gold as a store of value.
- Central Bank Buying: Major central banks worldwide have been aggressively increasing their Gold reserves, leading to high demand and lower market supply.
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