Gold surges to a new all-time high above $2,900

Gold led the early Monday trading as new tariff threats from President Trump heightened fears of a global trade war, driving fresh safe-haven demand.

Bulls pushed past the key $2,900 psychological barrier, setting a new record high with a 1.5% gain during Asian and early European sessions.

The technical outlook remains strongly bullish, though overbought conditions on the daily chart suggest a possible consolidation phase.

Any pullbacks are expected to be limited, given the prevailing bullish sentiment.

A sustained break above $2,900 would confirm further upside momentum, targeting $2,946 and $2,983 (Fibonacci projections), with the psychological $3,000 level in sight.

Res: 2916; 2946; 2983; 3000
Sup: 2886; 2865; 2850; 2825