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Gold Consolidates Near Record High as Supercycle Narrative Gains Traction

Gold Consolidates Near Record High as Supercycle Narrative Gains Traction

Author:

Global Cryptocurrency

Published:

2026-01-28 23:09:02

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Gold prices hover NEAR historic highs at $5,300, with analysts projecting a potential supercycle rally toward $7,000. The precious metal's resilience underscores its status as a haven asset amid geopolitical tensions and inflationary pressures.

Technical analysis reveals a healthy consolidation phase following the $5,311 peak. Key support levels at $5,180 and $5,106 are attracting buyer interest, while Fibonacci extensions suggest upside targets near $5,455. "This pullback is textbook bullish behavior," notes Hellena_Trade, emphasizing the intact higher-order wave structure.

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