There's no reason that the current trend that's lasted 20 years would suddenly break, unless the FED start raising rates which would absolutely obliterate the already crumbling economy.
Compared to 2008-2009, money growth has surged almost twice as fast https://fred.stlouisfed.org/series/M2. Simply going off from the previous extension that occurred post 08' where gold rose close to 2000 by 2011, assuming such an extension(+85% from the previous peak) occurs, we should expect a top in the range of 3500-4000$.
The near term target by inauguration day 2021, should be in the range of 2450-2800, depending on the amount of stimulus expected to be announced by the end of August, and of course who'd win the 2020 US election.
Interesting relationship: should expect a strong correlation of gold and US big tech as long as handouts keep on flowing and is below ~6%. This may change, if the tax code is amended ~2022-2023.
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