In the logarithmic scaled and US inflation corrected chart below, starting from 1972, pay attention to the double peaks dated January 1980 and September 2011.
After the movement in the last month and a half, we see that this double peak has finally been definitely exceeded and the level of $2,930 per ounce has been reached. The first target after this will be $3,000.
Our second chart is the large-scale version of the previous chart, not logarithmically scaled and created from 2006 to the present.
After the last rise, we can see how the previous peaks were exceeded much more clearly from here. Just like the bottom points from $1,398 to $1,720 were formed higher, I expect gold price to continue climbing to a new peak higher - before a respitation. In this context, I believe that the levels of 3,300 can easily be seen in the gold price in the period until mid-2025.
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