GC=F - Gold Futures

Highlights a massive gold breakout across daily, weekly, and monthly charts after a multi-year base and says he sent an alert that we were at the start of a new gold supercycle, calling for $8,000-$10,000 per ounce.

Gold is pulling back to support. The line in the sand for bulls is $4,325; if it breaks, next support is $4,250. Gareth would start accumulating around $4,165, where an ascending trend line and pivot high align, potentially offering a good risk/reward entry.

Gold pulled back into its first major support zone as anticipated. Gareth is waiting to see if bulls defend this level. A break could lead to 4165 or 3900, while a bounce could retest the ascending trend line at a much higher level.

Gold has confirmed a wedge breakout and is still headed toward $13,000 long-term, despite the possibility of a retrace to 'the scene of the crime' before heading higher.

Major wedge breakout on gold; long-term target of $13,000 per ounce by 2029-2031. Near-term move expected to $4,375 but a pullback to $3,500-$3,600 area is possible and would be a physical buying opportunity.

Central banks are accumulating physical gold, PBOC has bought for 20 consecutive months, and the speaker plans to add at the $3,500 level.

Near-term bearish due to wedge pattern and historical drawdown cycles; expects further decline to ~$3,500 before bottoming.

Long-term bullish: next bull market cycle projected to peak around $13,000 by 2031-33, providing excellent returns from $3,500 low.

Gold is in a wedge pattern with a downside target of $3,500-$3,600, which aligns with the 50% Fibonacci retrace and a support zone. Both upside and downside breakdowns lead to eventual new all-time highs. Long-term target of $10,000 by 2029 based on fiscal irresponsibility and hard asset demand.

Historical precedent of 24x gain in 1970s; Fed likely to cut rates into inflation; central banks buying gold; physical gold preferred over ETFs.