Gold Breaks Major Technical Support: Here Are The Targets

Gold fell below the key uptrend trendline that began in December 2025. As a technical trader, this puts me on high alert for a greater pull back.

While the monthly chart remains in a strong uptrend, the daily gold chart has broken-down. This means in the near-term gold is bearish with downside to $3,150 and possibly even $2,955. Resistance remains the all-time high at $3,500.

Keep in mind, the bearish bias on gold (based on the chart) is near-term. The long-term uptrend is still fully intact. In other words, investors should generally be looking to buy solid pull backs in old for a continued longer-term move higher.