The gold price could break USD 3,450 in the near term. This outlook is driven by growing global uncertainty and strong technical indicators. As a result, many investors are shifting toward gold as a safe haven asset.
🟡 Global Sentiment Fuels Gold Demand
First, geopolitical tensions in the Middle East continue to escalate. In addition, the uncertainty surrounding U.S. interest rate policies has made markets nervous. These factors are pushing investors to seek refuge in gold.
Furthermore, physical demand in Asia—especially from China and India—remains strong. Central banks are also buying gold to hedge against inflation and currency risks. These macroeconomic drivers are reinforcing the long-term strength of gold.
📈 Technical Indicators Signal Breakout Potential
From a technical standpoint, an ascending triangle pattern has formed on the daily chart. This is a bullish formation that often precedes a breakout. Moreover, the 50-day and 200-day moving averages are showing a golden cross, which typically signals sustained upward momentum.
If the price breaks through the resistance level at USD 3,300, the path to USD 3,450 becomes increasingly likely. Currently, the RSI remains below the overbought zone, which means there’s still room for further gains.
💬 Conclusion
In conclusion, the gold price could break USD 3,450, and this is more than just speculation. It is backed by solid global sentiment and technical strength. However, investors should remain cautious of short-term volatility and market swings.lobal yang mendukung dan sinyal teknikal yang kuat, harga emas berpotensi tembus USD 3.450 bukanlah sekadar spekulasi. Investor perlu mewaspadai volatilitas, namun peluang untuk masuk di momen tren naik seperti ini bisa sangat menarik.
