+2.04% for Gold — Strong momentum and robust safe-haven demand

Traders Union
All News
Financial News
Gold jumps 2.04% as buyers dominate

Highlights

Gold prices pulled back after a safe-haven surge driven by renewed geopolitical tensions in Iran, with tokenized gold assets' volumes exceeding $1 billion and spot prices topping $5,536.
Tokenized gold sector market cap surpassed $6 billion, while central banks such as the People's Bank of China continue to increase physical gold reserves for diversification.
Gold is trading well above MA-20 ($5,109.28), with current bullish momentum suggesting a probable range of $5,200–$5,600 and strong support above $5,006.75.

Tokenized gold volumes surge as Iran tensions drive safe-haven demand

Gold recently pulled back from highs after a surge in response to renewed geopolitical tensions in Iran, which had earlier lifted safe-haven demand. During the weekend CME market closure, trading shifted to tokenized gold assets like XAUT and PAXG, with daily volumes over $1 billion and prices briefly surpassing $5,450 and $5,536. The tokenized gold sector's market cap climbed past $6 billion, reflecting rapid growth in trading activity and holders. Central banks, led by the People's Bank of China, continue to add physical gold to reserves as part of their diversification strategies.

Overbought signals emerge as bullish momentum faces short-term risks

Gold continues to trade well above the MA-20 ($5,109.28), MA-50 ($4,967.21), and MA-200 ($4,208.39) levels, reinforcing a strong bullish structure across short-, medium-, and long-term timeframes. The Ichimoku Kijun at $5,006.75 sits below the current price, acting as immediate support. Momentum readings are decidedly positive: MACD remains in clearly bullish territory, while the ADX on the daily timeframe is subdued but stable, suggesting a trend that is present but has yet to accelerate significantly. RSI is near overbought at 68, the Stochastic RSI is fully overbought, CCI is also overbought, and Bull/Bear Power signals pronounced buyer dominance. The Awesome Oscillator provides further support to the bullish bias. Gold rose $107.45 (2.04%) today without a meaningful gap between the previous close and today's open. Price is currently near today's intraday high and volatility has been high. The intraday tone favors sustained upward momentum after the open. Notably, while momentum supports further gains, several oscillators flag potential over-extension, creating a modest divergence that may indicate short-term caution.

High probability of consolidation as volatility sets weekly range

For the coming week, the probable range is adjusted to $5,200 – $5,600, consistent with recent volatility and current price dynamics. The probability of a price increase is very high (more than 80%), with the likelihood of decline correspondingly very low. The baseline scenario is for a sideways consolidation within this band as the market digests recent gains. In the bullish case, Gold could decisively break toward or above $5,600 if buyer momentum persists. In the bearish scenario, a reversal below $5,200 would expose Gold to near-term profit-taking, though strong support from underlying trend indicators makes this less likely.

Viktoras Karapetjanc, Traders Union expert, sees strong bullish momentum in gold supported by macro drivers and robust sentiment. He believes central bank accumulation and heightened geopolitical risks continue to underpin institutional demand. The price holding far above moving averages signals buyers in control, even as several oscillators suggest a near-term pause is possible. Karapetjanc maintains a positive outlook for further gains as long as major support at $5,200 holds. "Gold’s uptrend remains intact, and I expect bulls to push for new highs if the current macro backdrop persists."

Previously it was reported that gold is trading in a bullish structure above all major moving averages, with strong upward momentum indicated by a high RSI and near-term support established in the $5,300–$5,350 range. Key resistance is forming closer to the $5,400 level, and the technical outlook favors continued upside as long as the price holds above support, reinforced by heightened geopolitical uncertainty.

Source of Data: XAU Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.