Gold Will Make New ATH Again

XAU/USD 4-Hour Time Frame: Gold Exhibits Uptrend Within Parallel Channel

Our technical analysis indicates that gold is trending upward within a well-defined parallel channel on the 4-hour chart. Recently, the price dipped to $2,888, likely due to institutional traders hunting stop-losses. With liquidity now absorbed, we anticipate a bullish scenario, potentially leading to new all-time highs.

This outlook is further supported by the current macroeconomic environment, with inflation concerns and geopolitical tensions driving safe-haven demand for gold. Additionally, the recent weakness in the US dollar may provide further upside momentum for the precious metal.