Technical History of the Gold Market (1975 - 2025)

Technical History of the Gold Market (1975 - 2025)

We do not get accurate information about the gold market in the retail market. However, to understand the structure of the market, we must have historical data. Although I won't provide you with regular real data, I will give you a specific idea to help you with your next steps.

The technical journey of the gold market began on January 1, 1975. Although I do not know about the historical data earlier, I can give you an idea from the mentioned date to 2026.

If we follow the Japanese candlestick chart of the technical chart on January 1, 1975, we see that the open price of the gold market was 184.0 and the highest price of that candle was 184.8, the lowest price was 167.5, and the closing price was 178.0.
The market increased its price a little more in the following month. After this, the market hit the lowest price in history until 2025 at 100.0 with the candle of August 1976. Which has remained unchanged till now.

Later, the market started rising and hit a record high price. In January 1980, the gold market hit its price value of 873.0. After that, the market went into a slight correction. The lowest price of the correction was 253.2. From the said 253.3 price level, the gold market started rising again from August 1999. Through that rise, gold broke its previous highest price of 873.0 in January 2008. Its new record-breaking price was 1033.9 in March 2008.

After this, the market corrected in October 2008 at a price of 681.0. And from that price in the same month, the market started rising again.
In September 2011, the gold market took its price value to a unique high. It hit its highest at 1923.7 US dollars per ounce. Later, it was corrected again. The lowest price of the correction was 1045.4 US dollars per ounce.
In December 2015, the discount price of the gold market was 1045.4 US dollars. From that price, the market started rising again. In July 2020, the market was able to break the highest price of 1923.7 again. A new and historical price was created. Its highest price hit 2089.2 (August 2020). After that, the market corrected again. In November 2022, the market formed a low price at 1618.3 and started rising again.
In December 2023, the market started rising again by breaking a new highest price. Currently, the highest price of the market as of 19/04/2025 is 3371.9

We do not know where the gold market will actually go and start its correction again. Although the market has given a big correction by breaking the upper price several times in the past, and formed a new high price. Hopefully, it will not be an exception. But gold is always profitable. You have to move forward with knowledge and skill, and of course, patience. Hopefully, you will get great profits.