Gold Technical Analysis: Bullish Structure Emerges

• Gold prices start the week lower as the US dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025.

• Gold’s safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict.

• Technical analysis suggests a bullish structure for gold on a four-hour time frame, with a potential for further upside if the “Golden Ratio” price level holds.

Support

• $2600

• $2583

• $2570

Resistance

• $2624

• $2639

• $2650

Gold Outlook 2025: Navigating Rates, Risk And Growth

• Gold is poised for its best annual performance in more than a decade – up 28% through November.

• As we look forward, all eyes are focused on what Trump’s second term may mean for the global economy.

• Investment demand, especially through over-the-counter transactions, was supported by an undercurrent of geopolitical risk and volatility in many regional financial markets.