July 11, 2025 - (Gold Market Wire) - The path to $3,500 has been cleared with the past fortnight's sideways action, and the strong holding of the trend-line. The channel remains in tact, and there is no sign of a diplomatic break-through in either the Ukrainian or Iranian spheres of conflict. August is going to be fraught with danger.

Short of an unexpected break of our trend-line in the chart below, we look ready to take another shot at $3,500. Kiev is under massive Russian attack - as is the Western border - in Lviv. If war is restarted in Iran, $3500 will become an even more obvious target.

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...and the zoom out:

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The discipline demands length from the trading side, and a build-up of core position. The second half of this year is likely to propel us to $3500 and beyond.