Gold, an ancient asset with millennia-long human fascination, demonstrates substantial price fluctuations and distinct growth and correction cycles. A thorough technical analysis of gold's price history reveals crucial support and resistance levels, forming the backbone of its trend patterns. From its lows in 1999 to its fresh highs in 2024, gold's price journey offers investors insights into its cyclical nature and potential future moves.

The Foundations of a Bullish Path: 1999 to 2011

In August 1999, gold found major support at $252 per ounce, marking a significant low and becoming a pivotal springboard for future growth. By July 2005, a new fractal support developed...