Alex von Stachelkopf
⬤ Gold prices jumped to a fresh all-time high, trading around $5,092.875—up over 2% on the day—as momentum continued after a recent technical breakout. The rally extended gains following a rising wedge pattern that delivered sustained upside rather than the typical reversal.
⬤ The advance accelerated after Friday's bullish session, which added roughly 1% following the breakout. Buyers pushed prices higher along the upper boundary of a rising channel, with former resistance now cleared and support holding at the lower trendline and short-term moving averages.
⬤ Price action has shown a clean sequence of higher highs and higher lows since late summer through early 2026. Pullbacks have consistently found support without triggering sharp reversals, while the daily chart shows no notable bearish signals—suggesting buyers remain firmly in control as gold trends within well-defined technical boundaries.
The move followed a rising wedge breakout that has delivered continued upside momentum rather than an immediate reversal.
⬤ This rally matters beyond gold itself. The ability to extend gains after a breakout highlights strong underlying momentum that can influence sentiment across commodities and related markets. New all-time highs also increase sensitivity to volatility during price discovery phases, while the sustained follow-through reinforces how technical structures continue to shape near-term market direction.
Alex von Stachelkopf
