GOLD - 2025 Forecast - Technical Analysis & Trading Ideas! 2025 forecast:
While the price is above the support 2475.27, resumption of uptrend is expected.
We make sure when the resistance at 2789.95 breaks.
If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 2726.10 on 12/12/2024, so more losses to support(s) 2582.31, 2527.50 and minimum to Major Support (2475.27) is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2527.50 to 2475.27). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (2527.50)
Ending of entry zone (2475.27)
Take Profits:
2582.31
2644.20
2721.30
2789.95
2850.00
2900.00
2950.00
3000.00
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