#GOLD Gold is trading near multi-year highs around ~$4,828–$4,869 per ounce, continuing a strong bullish trajectory in 2026.
The market shows short-term consolidation and indecision, with daily candlesticks such as a spinning-top pattern signaling a tug-of-war between buyers and sellers.
Technical support holds above key moving averages, but bulls need a clear breakout above recent highs to sustain upward momentum.
Fundamental drivers remain strong demand from investors and central banks, plus expectations of policy easing boosting gold’s safe-haven appeal.
A break below major support could prompt a short-term pullback, but the overall trend remains bullish until proven otherwise.