An Introduction
“Gold is within a clear rising trend, which began at the 2022 low of $1,615 per ounce [and, as of today, it’s UP 62%]. The question now is: Will the advance continue in 2025 or will the new year see a reversal for gold prices after 2024’s strong performance?” asks Christopher Aaron in his original article.
Below are severely edited and abridged excerpts from that article for the sake of clarity and conciseness to provide you with a faster and easier read.
Aaron goes on to say, “Trends are inherently dynamic, so investors must continue to monitor trends as they progress to remain abreast of the most updated figures [and our research indicates that] by the start of Q2 2025 this trend of buying support will exist near $2,600 and by the start of Q3 2025 the trend support will appear circa $2,650. For now, $2,550 is the figure where we would expect to see buyers emerge on the first sign of price weakness….
Remember, gold is within a rising trend until proven otherwise…and should thus be expected to consolidate above key support, yet below the $2,789 all-time high reached this past October, into mid-2025… If gold is going to break out to new all-time highs, it will be in mid/late 2025…and begin its next leg up toward the lofty $3,000 level by late-year.”
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