Profile Picture
Illya Gerasymchuk
Entrepreneur / Engineer
User Illya Gerasymchuk -

2025-12-31 18:26

Gold hasn't even touched its daily level uptrend support and finance accounts on X are already calling for a top

I have been writing my price thesis on gold for 2 years now, and since my call in December 2023 gold's price is up โ‰ˆ125%. In the last day or 2025 my call is that this uptrend will continue.

Regarding local tops, it's worth noting that gold has been in one for over 2 months now.

Additionally, closes below a seemingly arbitrary 4H support line drawn on a chart does not imply any significant top or trend reversal. Gold can go down to $3900 and still be in an uptrend!

TA & charting is supportive, as it gives you hints about what the market is doing, but on its own it can't provide you with a high-confidence prediction of the future.

If you lack the foundation on the basis of the price action of an asset, you'll find it much more challenging to distinguish a dip from a longer-term trend reversal. I've written several articles explaining why gold's price will keep going up, in terms of currency debasement, refinancing cycles, global liquidity and geopolitical pressures. You can access those threads/articles on my website free or cost. They'll provide you with a solid basis for understanding gold, where its price headed and why.

Thought Image