Gold Price Projection: Can It Double Before 2030?Postingan blog

A Steady Uptrend Since 2023

According to research shared on TradingView (5 September), gold has been in a persistent upward rally since October 2023. This sustained performance is being interpreted as a clear signal that the precious metal remains in a strong long-term bullish cycle.

The Role of the Monthly Moving Average

Technical analysts emphasize that the monthly moving average (MA) has historically acted as the dividing line between bull and bear cycles. When gold prices remain above this line, the market tends to enter bullish territory. Conversely, dips below it have often marked the start of bearish phases.

Fibonacci and Time-Cycle Analysis

TradingShot’s analysis also highlighted the Fibonacci extension and time-cycle patterns. These tools point to October 2029 as a critical timeframe, marking the potential end of the ongoing bull cycle. By that time, projections suggest that gold could climb toward the $8,000 per troy ounce level, effectively more than doubling from its current range.

What It Means for Investors

If this forecast proves accurate, gold could become one of the best-performing assets of the decade. This makes portfolio diversification with precious metals an increasingly attractive strategy, especially for investors seeking protection against inflation and currency risk.

Are you currently tracking gold in your portfolio? Stay updated with our insights, and don’t miss the opportunities that could shape the investment landscape before 2030.

While no projection can guarantee future outcomes, the technical evidence supporting gold’s continued growth is compelling. As always, investors should weigh risks carefully, but the possibility of gold reaching new record highs by the end of the decade cannot be ignored.

Satra Sinar Abadi Group

Gold has once again taken center stage in the global financial markets. With investors searching for safe-haven assets amid economic uncertainty, recent technical insights suggest that gold might not only maintain its upward trend but potentially deliver one of the strongest rallies in its history.