Gold Reaches Historic Peak At $3,245

As macroeconomic tensions mount, gold continues to break records, reaching a new peak at 3245 dollars. Driven by the decline of the dollar and rising bond yields, the precious metal confirms its role as a safe haven. An analysis of a bullish trend that seems far from over.

Gold explodes to 3,245 dollars as Trump shakes the markets!

In a global context fraught with tension, gold shines brighter than ever. Especially since last month, the yellow metal reached a new ATH at 3,059 dollars. Last week, the precious metal recorded yet another spectacular performance, climbing up to 3245 dollars, an all-time record. This surge of 9.76% since the weekly low comes as U.S. Treasury yields explode from 4% to 4.5%, and the dollar weakens. The market is clearly seeking havens… and gold is the primary beneficiary.

The bullish movement of gold began in 2024, after the resolution of a symmetrical triangle forming a bull pennant. This technical pattern paved the way for a stunning progression of over 40%. Despite a temporary pullback around 2956 dollars, a key level tested in February 2025, buyers returned in force last Tuesday! Thus marking a low on a bullish doji. This reversal signal was validated the next day, notably thanks to Donald Trump’s announcement on tariffs.

What technical zones to watch?

In the short term, levels of 3150 dollars and 3200 dollars could serve as supports in case of a pullback. If the correction were to amplify, zones of 3100 dollars, 3050 to 3057 dollars, and even 3000 dollars represent potential rebound points. As long as the support for gold at 2956 dollars remains intact, the bullish momentum stays in place.

The gold market continues to ride a wave of economic and geopolitical concerns, especially if the U.S. government sells part of its stock to create a bitcoin reserve. But in the face of a parabolic trend, patience remains an essential weapon for traders. Waiting for a pullback on a key support can provide a calmer entry… because in a euphoric market, emotions are often the worst advisors.