Gold’s $4K Magnet: ETFs Roar, Officials Keep Buying

The 4k magnet

Gold continues marching higher. We have been pointing out the similarities with the early 2025 break out for weeks... the triangle, the support from the 50 day, positioning etc. The early 2025 set up saw gold rise some 25% before the euphoria calmed down. A similar move this time around would imply gold slightly overshooting the 4k level. Why not, the big trend line connecting the highs comes in right around those levels...