Gold: New highs — What’s next? [Video]

Carol Harmer Charmer Trading

New highs — What’s next?

Gold has ripped through major resistance, breaking 4,489 and stretching to 4,497 — just shy of the 4,500 psychological barrier. With price now in blue‑sky territory, we turn to daily pivot points and Fibonacci extensions to map the next potential resistance zones.

Today’s Pivot Levels:

Pivot: 4,404.
R1: 4,482
R2: 4,521.
R3: 4,633
R4: 4,745.

Support Levels:

S1: 4,370.
S2: 4,297.
S3: 4,185.
S4: 4,073.

With Europe entering its last full trading day (and a half‑day tomorrow), we may see profit‑taking at elevated levels as traders clean up their books for the New Year. Silver, Platinum, and Palladium are also hitting record highs — watch cross‑metal flows closely. This is not investment advice — my money, my risk.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

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