$XAU Gold Futures Break All Time High, Setting New Peak At 5,050

The commodities market continues to witness the unstoppable strength of precious metals as Gold Futures in Binance officially shattered all old records, setting a new historic milestone right ahead of a crucial trading week.

🔸 In the latest trading developments, strong buying pressure pushed Gold Futures past psychological resistance levels, officially touching the $5,050/oz mark. This is the highest price ever recorded, confirming the Parabolic growth trend of this safe-haven asset.

🔸 Breaking the old peak to reach $5,050 indicates that speculative and hedging capital is extremely active. Large Long positions are absolutely dominating, despite the RSI indicator potentially being in overbought territory.

🔸 The 5,050 milestone is not just a technical number but an affirmation of fears regarding inflation and global economic instability. Investors seem to be accepting to buy gold at record prices to seek safety for their wealth.

With new peaks being established as regularly as daily meals, will the $5,100 mark be conquered right in the early week trading session, or do we need a healthy correction to rotate capital?

News is for reference, not investment advice. Please read carefully before making a decision.