I will see your chart Fully and add two more to cap my point. Both are self explanatory but a few notes are added just in case. These charts come from Macrotrends and are shown on a one hundred year chart. Macrotrends offers its chart users the ability to look at the data in several ways. These include an inflation adjusted option and a logarithmic version. I have selected both options and presented charts here that I think reinforce what I am saying about gold. Namely, that gold is nearing highs from which it will soon retreat.

There is a price ceiling based on golds history. And these charts suggest where the next top will be located. Have a look. You may even come around to my point of view if you stare at these long enough. They are damning. Gold is going to have to put in a strong leap higher in order to break out of its channel and change the future. All things being equal and given that price behaves normally means gold will likely go back into a bear market in 2026.

 

First chart is the Inflation adjusted data:        Chart II is Log Scale