Gold trading strategy at the beginning of week 2. December 23
Aktualisiert
A Record-Breaking Year for Gold
It can be said that in 2024, gold has been the most attractive investment channel, continuously breaking new records both domestically and internationally. Amid geopolitical tensions and forecasts about the social and economic situation, the price of gold is expected to continue rising in 2025.
First, there is the increasing instability in the global geopolitical landscape, with two ongoing conflicts in Europe and the Middle East, which have driven a surge in gold as a safe-haven asset.
The growing risks of global trade conflicts have also led central banks in emerging markets and Asia to follow the lead of central banks in developed markets, allocating more of their reserves into gold.
The accumulation of gold by central banks worldwide is seen as a shield against external shocks, such as potential trade wars from the second term of President Donald Trump and geopolitical tensions in Ukraine and the Middle East. Eastern European countries are trying to fill their gold reserves.
Throughout the year, gold has broken numerous records: 2,500 USD/oz, 2,600 USD/oz, 2,700 USD/oz, and reached a new peak of 2,826.2 USD/oz on October 30. As of December 20, the global gold price is trading around 2,602 USD/oz, up over 26% from the beginning of the year.
Goldman Sachs forecasts that the price of gold could hit 3,000 USD/oz by the end of 2025. The investment bank has also listed gold as one of the top commodities for 2025, with the policies of the newly elected President Donald Trump potentially driving further price increases.
In terms of technical analysis, in the short and medium term, a bearish structure has been confirmed. The hope is that the downtrend will continue into the next week, but there is also an expectation for prices to rise slightly at the beginning of the week in order to find better selling positions.
Note that next week will include Christmas and New Year holidays, so the market may not move too much.
Currently, gold is trading within the range of 2,663 - 2,582. A break above or below this range will determine the next levels of resistance and support.
For now, keep an eye on the price range of (2,632 - 2,636) and the range (2,600 - 2,604). We will wait for the gap to close before making safer trades toward the end of the year.
Trading Plan
Sell Zone: 2,650 - 2,652
SL: 2,656
TP: ????
Buy Zone: 2,601 - 2,603
SL: 2,595
TP: ????
Pay attention to the trading ranges during the Asian and European sessions. We will update new price ranges for the U.S. session to assist traders. Note that the market is less liquid toward the end of the year, which could lead to price manipulation candles, so always be cautious with stop losses for each trading signal.
GOOD LUCK!
It can be said that in 2024, gold has been the most attractive investment channel, continuously breaking new records both domestically and internationally. Amid geopolitical tensions and forecasts about the social and economic situation, the price of gold is expected to continue rising in 2025.
First, there is the increasing instability in the global geopolitical landscape, with two ongoing conflicts in Europe and the Middle East, which have driven a surge in gold as a safe-haven asset.
The growing risks of global trade conflicts have also led central banks in emerging markets and Asia to follow the lead of central banks in developed markets, allocating more of their reserves into gold.
The accumulation of gold by central banks worldwide is seen as a shield against external shocks, such as potential trade wars from the second term of President Donald Trump and geopolitical tensions in Ukraine and the Middle East. Eastern European countries are trying to fill their gold reserves.
Throughout the year, gold has broken numerous records: 2,500 USD/oz, 2,600 USD/oz, 2,700 USD/oz, and reached a new peak of 2,826.2 USD/oz on October 30. As of December 20, the global gold price is trading around 2,602 USD/oz, up over 26% from the beginning of the year.
Goldman Sachs forecasts that the price of gold could hit 3,000 USD/oz by the end of 2025. The investment bank has also listed gold as one of the top commodities for 2025, with the policies of the newly elected President Donald Trump potentially driving further price increases.
In terms of technical analysis, in the short and medium term, a bearish structure has been confirmed. The hope is that the downtrend will continue into the next week, but there is also an expectation for prices to rise slightly at the beginning of the week in order to find better selling positions.
Note that next week will include Christmas and New Year holidays, so the market may not move too much.
Currently, gold is trading within the range of 2,663 - 2,582. A break above or below this range will determine the next levels of resistance and support.
For now, keep an eye on the price range of (2,632 - 2,636) and the range (2,600 - 2,604). We will wait for the gap to close before making safer trades toward the end of the year.
Trading Plan
Sell Zone: 2,650 - 2,652
SL: 2,656
TP: ????
Buy Zone: 2,601 - 2,603
SL: 2,595
TP: ????
Pay attention to the trading ranges during the Asian and European sessions. We will update new price ranges for the U.S. session to assist traders. Note that the market is less liquid toward the end of the year, which could lead to price manipulation candles, so always be cautious with stop losses for each trading signal.
GOOD LUCK!
Trade ist aktiv
The plan is to scalp at 13, guys. It's currently at 18.5, so move the stop loss to the entry point with a 50-pip buffer. 
🔻Simple Trading - Trading is not as difficult as you think.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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