Bullish breakout extends gold’s historic rally amid strong buying interest
Gold prices have surged to fresh record levels, pushing to a new all-time high above $4,400 per troy ounce, as bullish momentum continues to dominate the market. The latest breakout highlights sustained demand for the metal, with price action confirming strength rather than exhaustion at elevated levels.
During the early Asian trading session this week, global spot gold climbed to an intraday peak near $4,385 per troy ounce, surpassing its previous record. The move marked a decisive extension of the uptrend and followed a weekly gain of approximately 1.07%, compared with last week’s closing price near $4,388.47, based on available exchange data.
The rally builds on gold’s prior record set on October 20, 2025, when prices briefly touched $4,381 per ounce before consolidating. This time, however, the metal has shown strong follow-through buying, allowing it to sustain higher levels rather than quickly retracing.
Technical Structure Supports Continued Strength
From a technical standpoint, gold remains firmly within a bullish price structure, characterized by higher highs and higher lows. The recent push above the $4,400 resistance zone signals acceptance at elevated prices, with former resistance now acting as short-term support.
Trading volume has also expanded during the breakout, suggesting active participation rather than thin liquidity. This reduces the likelihood of a false move and reinforces the strength of the current trend.
As long as gold holds above its prior breakout levels, the broader outlook remains constructive. While short-term consolidation cannot be ruled out after such a sharp move, the ability to print new highs reflects persistent underlying demand. Market participants will now be watching whether gold can stabilize above the $4,400 area or extend gains further in the sessions ahead.
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