Chart of the Day - Tuesday, September 2, 2025

🏆 Today's Chart of the Day was shared by David Rath (@DJwrath).
 

• The Gold ETF ($GLD) has closed higher for five straight days, notching a fresh record high to start the month. 
   
• It gapped above a well-defined resistance level at $317 this morning and finished near the highs of the day, marking a textbook breakaway gap, the most bullish type of breakout. 
   
• Gold started stalling in April, as stocks were bottoming. Despite taking the Summer off, the metal continues to outpace the S&P 500 by a notable margin this year, with $GLD up +35.5% YTD versus +9.9% for $SPY. 
   

The Takeaway: Gold broke out to fresh record highs today, ending a four-month consolidation phase. Former resistance should act as support as the uptrend resumes.