In Gold We Trust (Again)

A 25-year climb from “barbarous relic” to $4,300 safe-haven powerhouse

Trading Lessons
October 20, 2025

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Gold at Record Highs

Do you think it breaks $5,000 before the end of the year?

Gold (GCZ25) is holding near record-high levels — a signal that says less about excitement and more about uncertainty.

After touching an all-time high of $4,392/oz on Friday, gold opened Monday at $4,269 and pushed higher to around $4,371, up 3.76% on the session.

For perspective:

Up 6.3% in the past week
Up 16.7% over the past month
Up 57.3% YoY

While the S&P 500 (+1.06%), Dow (+1.08%), and Nasdaq (+1.4%) staged their own rebound, this move in gold wasn’t about momentum — it was about conviction.

TRUTH: In uncertain times, gold doesn’t create confidence — it absorbs the lack of it.

Zoom out:

The backdrop couldn’t be more textbook for gold’s rise:

Government shutdown: now entering its third week.
Tariff pressures: new 25% import tax on trucks hits November 1.
Geopolitical friction: trade negotiations with China stall.
Policy uncertainty: the St. Louis Fed’s Uncertainty Index remains high.

Each factor adds friction to the market — and uncertainty is gold’s favorite catalyst.

The 25-Year Picture

This isn’t a rally. It’s a legacy move.
Gold has compounded more than 1,300% since 2000 — outpacing most equities and proving why it still matters when everything else shakes.

Every event that tested global trust added another leg to gold’s structure.
The pattern hasn’t changed — only the magnitude.

The Levels:

Here’s where key support and resistance levels.

GLD: The Digital Form of Gold

GLD is the ETF that tracks the price of physical gold. Each share represents a slice of real bullion, moving almost one-for-one with spot prices.

→ How It Works: Instead of storing bars, traders use GLD to mirror gold’s performance. It trades like a stock but behaves like the metal — following gold’s ups and downs with precision.

→ What’s Happening Now: GLD is hovering near record highs, echoing gold’s 57% yearly gain. Liquidity’s deep, volume’s high, and the ETF remains one of the cleanest ways to track sentiment around inflation, rates, and global risk.

→ The Takeaway: GLD tracks the price of physical gold, giving investors exposure without holding bullion.

Lesson of the Day

When analyzing gold on the daily timeframe, focus on structure — the same logic applies to any market.

→ Identify the Trend: Check long-term (1 year), mid-term (4–5 months), and short-term (2 months). If all show higher highs and higher lows — momentum’s aligned.

→ Set Your Bias: When structure confirms direction, don’t predict — track continuation until the pattern breaks.

→ Map Key Levels: Draw the zones price has respected before. Those are where reactions form again.

→ Read the Patterns: Flags, channels, breakouts — each shows how traders are positioned and where momentum may shift.

→ Watch the Candles: Rejections, inside bars, engulfing moves — these reveal intent and confirm timing.

Lessons Learned

Every market cycle has its teacher — and gold’s been the patient kind.
It doesn’t rush. It waits. Then it reminds everyone why conviction matters more than timing.

What’s the moment that taught you patience in uncertain markets?
Share your story here — your experience might be the insight another trader needs right now.

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