What to expect from the asset from now on?

The gold market faced a significant turnaround after the announcement of more aggressive tariffs by US President Donald Trump. On Thursday, the precious metal reached a historical record of US $ 3,167.84 by jaguar, driven by concerns about a possible global trade war. However, on Friday, gold registered a drop in 2.4%reflecting investors’ anxiety about the impact of these tariffs on the world economy. This volatility also affected other asset classes, with the Nasdaq 100 and S&P 500 indices with significant falls.

Despite this correction, gold accumulates an appreciation of almost 16% in the yearsupported by factors such as massive central banks purchases, demands robust in Asia and federal reserve more flexible monetary policies. However, the recent drop highlights the sensitivity of the market to geopolitical and economic tensions.

Gold follows in the trajectory of appreciation in 2025. However, after renewing its historical top last week – upon reaching the US $ 3,167.84 – Commodity ended the week with falling 1.54%, quoted in the region of US $ 3,037. This low movement is facing, for now, as a punctual correction within a still predominant trend of discharge.

In the accumulated of the year, the gold already rises 15.76%maintaining its position as one of the prominent assets in 2025.

To understand how far the price of gold can go, check out the full technical analysis and the main support and resistance points.

Gold Technical Analysis

Looking at the weekly gold chart, in dollars, the high trend is evident. Since the breaking of the region of $ 3,000 – Historical barrier never before surpassed – the asset has renewed tops and demonstrated buying force. The maxim of the last week, in US $ 3,167.84marked a new historical record for the metal.

Nevertheless, the weekly closing of falling 1.54%added to a Candle with a long upper shade, indicates increased seller pressure, especially after the top renewal. IFR (14) in the weekly is in 71.03pointing out about the supercompraine. In addition, the price is removed from moving averages of 9 and 21 periods-a classic sign of possible technical correction to rapproche with these references.

The immediate support is at the minimum of the previous week, in the region of US $ 3,015. If this track is lost, the correction can gain strength, with targets designed between $ 2,953 and $ 2,832. Below this, the regions of $ 2,791 and $ 2,563 become relevant supports to be monitored.

On the other hand, if the gold can resume the movement and overcome the last historical top (US $ 3,167.84)the targets become as follows: $ 3,249, $ 3,295, $ 3,400 and, in a more extended scenario, the range between $ 3,445 and $ 3,490.

The time is attention, because although the trend is altist in the medium term, technical signs suggest possible accommodation of prices before new maxims.

Check out our analyzes:

Short -term analysis

In the daily chart, gold still respects a high -formed channel since the beginning of 2025. The structure has been positive, but in the last trading sequence, we observed a sequence of low candle -candle, indicating developing corrective movement.

The asset remains above the high trend line (LTA) and moving averages, but begins to approach these regions, which can be decisive for the next movements. If the price loses the support range between $ 3,031 and $ 3,000and break the LTA, the seller flow can intensify, making room for a wider correction. The next supports are between $ 2,953 and $ 2,855with longer targets in $ 2,791 and $ 2,719.

For gold to attract buyer flow in the short term, it will be necessary to resume the region of moving averages and exceed resistance in $ 3,078 and $ 3,130. Superanto Such tracks the target will be at the historical top in the $ 3,167.84. A convincing break from these zones can reactivate the high movement, with targets in $ 3,205, $ 3,229 and $ 3,281.

Gold Supports and Resistances

Supports:

Short term (daily graph):

1. $ 3,031 to $ 3,000 → Immediate support and critical track. Loss can accelerate correction.
2. $ 2,953 to $ 2,855 → Next Technical Support Zone.
3. US $ 2,791 → Most relevant support in the short term.
4. US $ 2,719 → Region that can be tested in a deeper correction.

Medium term (weekly chart):

1. US $ 3,015 → Last week minimum and immediate weekly support.
2. US $ 2,953 / US $ 2,832 → Important support range for broader corrections.
3. US $ 2,791 → Convergence with the diary, significant support.
4. US $ 2,563 → Most distant support and previous reference background.

Resistances:

Short term (daily graph):

1. $ 3,078 to $ 3,130 → Region of intermediate resistance and trigger for resumption of buying force.
2. US $ 3,167.84 → Last historical top. Main resistance and decisive point for new high acceleration.
3. US $ 3,205 / US $ 3,229 → targets projected after the historical top break.
4. US $ 3,281 → longer target in the short term

Medium term (weekly chart):

1. US $ 3,167.84 → Historical top, same resistance as the daily chart.
2. US $ 3,249 → Fibonacci’s first projection after top break.
3. $ 3,295 → Next target.
4. US $ 3,400 → Region of psychological resistance and projected target.
5. $ 3,445 to $ 3,490 → longer and more ambitious resistance in the medium term.

(Rodrigo Paz is a technical analyst)

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Check out more content about technical analysis at IM Trader. Daily, Infomoney publishes what to expect from the dollar and index mini -points.