Gold decisively cleared the $3,028.53 pivot level this week, clearing the way for a retest of the all-time high at $3,057.59. With technical resistance breached, bulls now eye higher targets. ANZ maintains a $3,200 forecast, conditional on continued risk aversion and a dovish Fed. On the downside, former resistance at $3,028 now acts as initial support, followed by $2,999 and $2,968.<\/p>\n
As recession concerns deepen, policy risk grows, and real rates remain anchored, gold\u2019s appeal as a store of value continues to rise. With ETF inflows climbing and physical demand steady, traders are leaning bullish.<\/p>\n