Gold has its best week since since the March 2023 | Forexlive

The price of gold continued it run to the upside, for the third week or oh extended above a topside channel trendline. That trendline cuts across at $3082 and moving higher. The price of gold is up close to 100% from it’s September 2022 low. For the trading year (2025), the price is up around 23.46%.

The gain in this week by itself is around 6.35% currently. That represents the second-highest trading week since March 13, 2023 when the the price rose by 6.5%.

Looking at the daily chart below, the low price this week stalled right ahead of its 50-day moving average. That 50 day moving average is currently just below the $3000 level at $2969.76 and moving higher. It would take a move below the 50-day moving average to tilt the bias more in favor of the sellers at least from a medium-term perspective.The 50 day moving average stalled the fall at the low price this week before surging into the close. The price of gold reached a new high at $3245.45.