Created
: 2025.09.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Gold breaks out of triangle, targets $3500 - Société Générale
World FX news
Breaking news
Gold breaks out of triangle, targets $3500 - Société Générale
New
2025.09.01 19:25
2025.09.01 19:25
2025.09.01 19:25
Gold has surged above the top of its months-long ascending triangle, confirming a bullish breakout and signaling further upside. Momentum indicators remain supportive as prices near April's $3500 peak, with $3575-$3600 the next key targets, Société Générale's FX analysts note.
Uptrend resumes as Gold clears key resistance
"Gold has broken above the upper boundary of the ascending triangle within which it consolidated since April, signaling a resumption of the uptrend. The daily MACD remains in positive territory and above its trigger line, indicating renewed upward momentum."
"Gold is now approaching the April high of $3500. Should a brief pullback occur, the upper end of the recent range near $3450 is likely to serve as initial support. Beyond $3500, the next upside projections are at $3575/3600 and $3650."
Last updated
: 2025.09.01
Related articles
Gold extends rally above $3,550 as weak US JOLTS data lifts Fed cut bets
15 minutes agoGold extends rally, notches new record-high above $3,560
2025.09.03 23:29Silver Price Forecast: A near-term correction in the offing?
2025.09.03 21:32Gold Price Forecast: XAU/USD extends winning streak for seventh trading day
2025.09.03 20:47Silver price today: Silver falls, according to FXStreet data
2025.09.03 18:30Gold: Bullish breakout - OCBC
2025.09.03 17:29
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold extends rally above $3,550 as weak US JOLTS data lifts Fed cut bets
Gold price extended its gains on Wednesday and is up more than 1%, poised to register record highs during the day, after clearing the mid-point of the $3,500-$3,600 range as economic data from the United States showed the labor market is weakening.
New
2025.09.04 03:45Dow Jones Industrial Average left behind as tech stocks rise
The Dow Jones Industrial Average (DJIA) missed the bullish bus on Wednesday, lagging its index peers and slumping over 250 points.
New
2025.09.04 03:10Forex Today: The US labour market will be in the spotlight
The US Dollar (USD) traded on the defensive, setting aside gains recorded in the previous day as investors assessed the recent sharp advance in global yields, while further cooling of the US labour market also weighed down on the Greenback.
New
2025.09.04 03:05Fed's Kashkari warns that tariffs are pushing up goods prices
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari flashed another policy warning sign on Wednesday, cautioning that tariffs are pushing the consumer-facing costs of goods higher, resulting in climbing inflation figures.
New
2025.09.04 02:47Fed Governor Prospect Stephen Miran promises to uphold Fed independence if confirmed
Stephen Miran, United States (US) Council of Economic Advisors (CEA) member and US President Donald Trump's pick to fill a recently-vacated seat on the Federal Reserve's (Fed) Board of Governors, swore that he would uphold the Fed's political independence if he were to be confirmed by Congress.
New
2025.09.04 02:42UK Chancellor Reeves waves off £50 billion budget deficit forecast
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves dismissed concerns from Britain's National Institute of Economic and Social Research (NIESR) that the UK government may need to dip into International Monetary Fund (IMF) funding pools in the future if Parliament can't sort out its budge
New
2025.09.04 01:55EUR/USD rebounds to 1.1680 as weak US data fuels Fed cut bets
The EUR/USD recovers ground following Tuesday's losses that drove the pair below key support levels around the 50 and 20-day SMAs. A confirmation of weakness in the US labor market by JOLTS data, increased the chances of a rate cut by the Federal Reserve. The pair trades at 1.1679, up 0.37%.
New
2025.09.04 00:52GBP/USD rises to 1.3440 as strong UK data offsets US weakness
The GBP/USD advances during the North American session up by 0.39% following the release of economic data from the United States (US). Also, fears of the UK's government being unable to meet its fiscal requirements eased on signs that the economy continued to fare well.
New
2025.09.04 00:24Gold extends rally, notches new record-high above $3,560
Gold extended its uptrend in the second half of the day on Wednesday and touched a new record-high above $3,560. At the time of press, XAU/USD was trading near $3,560, rising 0.85% on a daily basis. For the week, Gold is already up more than 3%.
New
2025.09.03 23:29Fed's Bostic: Inflation is still the main concern
Atlanta Fed President Raphael Bostic said that high inflation remained the Federal Reserve's main risk, but added that signs of labour market weakness still pointed to a single quarter-point rate cut this year.
New
2025.09.03 23:14Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
