Due to the continued weakness in the dollar index, it seems gold might continue its upward trajectory. I've entered multiple times during this trend to take advantage of the movement. Now, let’s see if gold can reach a new high. I’ve taken this position with a 0.25% risk. Let’s see how it plays out!
Trade closed: target reached
Generally, when reviewing the gold price targets set by most institutions for the end of 2025, we observe that they anticipate significantly higher levels. Considering the potential return of Mr. Trump, I believe gold should be held long at least through the first half of 2025. The current trend remains positive, and if another favorable opportunity arises in the coming week, I will share the trade setup on my Telegram channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.