Gold Hits ATH of $2,985

Gold prices have surged to an all-time high of $2,985, marking a significant breakout that signals strong bullish momentum in the market. With gold pushing past key resistance levels, traders and investors are eyeing the next potential target of $3,004.

What’s Driving the Surge?

Several factors are fueling this rally:
✅ Technical Breakout – Gold has decisively broken above previous highs, confirming a bullish trend.
✅ Safe-Haven Demand – Economic uncertainties and inflation concerns continue to drive investors toward gold.
✅ Strong Momentum – Gold’s rapid ascent suggests further upside if key levels hold.

Key Price Levels to Watch

• $2,982 Resistance: If gold closes above this level, it could signal a move toward $3,004.
• $3,004 Target: A key Fibonacci extension level that could mark the next major milestone.
• $2,956 Support: A possible retracement level if a pullback occurs.

What’s Next for Gold?

If bullish momentum continues, we could see gold pushing toward $3,004 and beyond in the near term. However, traders should also watch for potential corrections as the market reacts to key economic data and global events.

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