1911 Gold Corporation (TSXV: AUMB; OTCQX: AUMBF)
1911 Gold is Manitoba’s Gold Standard - Ready, Permitted and High-Grade 1911 Gold is an Emerging Gold Producer, with Significant Cash Flow Generation and District-Scale Growth Potential
Gold prices surged to a historic peak on Monday, shattering the $5,000-per-ounce barrier for the first time. The rally extended a record-breaking ascent as investors flocked to the safe-haven asset amidst escalating geopolitical tensions.
Heightened friction between the United States and NATO over Greenland this year has amplified expectations of greater financial and geopolitical uncertainty, further fueling gold’s upward momentum. The yellow metal registered a staggering 64% gain in 2025, underpinned by a pivot to easier U.S. monetary policy, sustained central bank demand—notably China’s 14th consecutive month of gold purchases in December—and record inflows into gold-backed exchange-traded funds (ETFs).
Independent analyst Ross Norman commented on the outlook: “Our forecast for the year is that gold will see a high of $6,400 an ounce with an average of $5,375.” He added that former President Trump’s recent remarks at Davos had shaken long-standing alliances, driving investors toward hard assets. “In my opinion, this shift in global trust and capital flows helps lay the groundwork for gold to breach $5,400 in the near term,” Norman stated.
From a technical perspective, the weekly chart shows gold embarked on a powerful surge in early 2026 following a decisive breakout above the key $4,400 resistance level. This move was significant due to the formation of an ascending triangle pattern.
Similar patterns observed from April to August in both 2024 and 2025 previously resulted in price advances of $900 to $1,000 per ounce. The latest pattern formed over a notably shorter period, yet the ensuing breakout has been explosive, highlighting strong bullish momentum. Based on the measured move projection from the $4,400 breakout point—a rally of approximately $900 to $1,000—the immediate technical target is set around the $5,400 zone. Current momentum on the weekly chart suggests continued upside potential in the coming sessions.
Supporting the bullish case for gold is a pronounced weakness in the U.S. Dollar Index (DXY). Its monthly chart reveals a sustained consolidation within the 96 to 100 range. The index remains pressured below the pivotal 100.50 level, with the last three monthly candles exhibiting strong bearish pressure. This structure increases the likelihood of a breakdown below the crucial 96 support. Such a breach could trigger a sharp decline toward the 90 level, last seen in January 2021. A significant drop in the dollar is expected to introduce fresh buying pressure in the gold market, potentially propelling prices toward $6,000 in a relatively short timeframe.
In summary, the confluence of geopolitical strain, shifting capital flows, and compelling technical breakthroughs has propelled gold into uncharted territory above $5,000, with the market now setting its sights on the next technical hurdle at $5,400.
