Chart of the Day - Tuesday, July 22, 2025

🏆 Today's Chart of the Day was shared by Yuriy Matson (@yuriymatso).
 

• Gold logged its second-highest daily close on record today, settling at $3,444/oz. It peaked at $3,500 on April 22nd, just one week after stocks bottomed.
   
• While stocks have roared back to life over the past three months, Gold has gone nowhere. However, the metal has still outperformed by a wide margin over the past year, gaining +42% versus +15% for the S&P 500.
   
• Yuriy notes that Gold has coiled into a tight range, setting the stage for a meaningful rally toward $4,000/oz. Seasonality is turning favorable, and sentiment has chilled since appearing on the cover of Barron’s shortly before its peak three months ago. 
   

The Takeaway: Gold is testing record highs after coiling in a tight three-month range. With sentiment cooling off and seasonality turning bullish, a breakout could spark a new leg higher toward $4,000/oz.