Gold Set for Fresh All-Time Highs, Says Market Expert
Gold could be on the verge of reaching new record highs, according to market strategist Rashad Hajiyev.
In a recent analysis, Hajiyev highlighted that gold has been trading above its 1.5-year ascending channel for nearly three months following a breakout—an important technical development that signals strength.
He described the current price structure as “extremely bullish” and suggested that the precious metal is preparing for a strong upward move, possibly setting a new all-time high sometime in July.
The chart shared by Hajiyev shows gold breaking out of its long-term channel and consolidating above it, which is typically viewed by traders as a sign of continued upward momentum. If this trend holds, the next leg higher could mark a significant milestone for gold in 2025.
This comes at a time when investors are increasingly looking toward safe-haven assets amid global economic uncertainty, rising debt concerns, and expectations of shifting central bank policies.
If gold manages to sustain this momentum, July could become a defining month for the precious metal’s performance this year.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
