What is All-Time High (ATH)?
This term refers to the highest price ever experienced by an asset or currency.
#1 Market Excitement
Reaching a new ATH reflects high excitement and investor confidence, often accompanied by increased trading volume and activity.
#2 Market Psychology
The ATH level can act as a psychological resistance, leading investors to sell and potentially causing a price decline.
#3 Identifying Uptrends
Technical analysts use ATH levels to identify uptrends and forecast future price levels.
Example of All-Time High (ATH)
A weekly chart of gold against the US dollar (XAU/USD) shows the price reaching its historical peak (ATH).