Gold is setting new records again – everyone knows that. But the real question is: where will gold prices go from now until Tet? I just looked back at the journey of this precious metal from 2024 until now, and there are a few interesting things worth sharing.

To recap: in 2024, gold broke the $2,700/ounce mark for the first time in history, reaching a peak of $2,785.87. The main driver wasn't just one factor but a combination of increasing geopolitical tensions, fears of an economic recession, and central banks still maintaining supportive policies. Especially from February to April 2024, gold increased about 17% as traders reacted to FOMO and potential signals of an economic crisis.

Now, looking at gold price forecasts from now until Tet 2026, I see major organizations have quite different views. JP Morgan predicts gold will hit $2,300/ounce in 2025, Bloomberg Terminal suggests a range between $1,709 and $2,727, while some experts are more optimistic, mentioning levels above $2,700. In fact, this volatility range shows the market remains very uncertain.

What truly drives gold prices? I see four main factors. First is the strength of the USD – when the dollar weakens, gold rises. Second, central banks are still buying gold heavily for reserves, especially China and India. Third, inflation and monetary policy – if the Fed continues to cut interest rates, gold will be supported. Lastly, geopolitical tensions – if the situation in the Middle East or Ukraine doesn’t cool down, gold will still be considered a safe haven asset.

One thing I want to emphasize: gold price volatility is an opportunity, not a risk. For margin traders, the potential to profit from these fluctuations is very high, as long as you understand how to analyze.

When analyzing trends, I usually use MACD to identify reversal signals, RSI to detect overbought/oversold conditions, and monitor COT reports to understand the flow of market money. Additionally, tracking the Fed’s monetary policy, US economic data (especially non-farm payrolls), and geopolitical events is essential.

A small tip I often apply: if you’re a long-term investor, January to June is usually a good time to buy because gold prices tend to adjust during this period. Conversely, for short-term trading, you need to wait until the trend is clearer to enter more safely. Most importantly, never invest your entire capital in one trade – allocate 10-30% depending on how clear the trend is.

If using leverage, I recommend beginners start with 1:2 to 1:5, and always set a stop loss to protect your capital. You can use trailing stop loss to lock in profits when the price moves in your favor.

Forecasting gold prices from now until Tet this year isn’t easy, but if you understand the influencing factors and use proper analysis tools, the opportunity to profit is definitely there. The key is to stay updated regularly with new forecasts from major financial institutions and adjust your strategy accordingly. The gold market always offers many opportunities for those who know how to perceive it.