To me, gold is no longer behaving like a slow defensive asset but more like a momentum trade driven by structural forces. When prices run past major banks’ yearly targets before January ends, it points to deeper repricing, supported by central-bank buying, de-dollarization, and geopolitical risk rather than short-term fear.
If gold reaches $5,000 before February, I expect a pullback, but likely a shallow and healthy one. A pause toward the $4,700–$4,800 zone would help reset momentum, while a straight vertical surge toward $5,900 would feel more like late-stage exhaustion.
Between JPM and Yardeni, I lean toward JPM’s steady outlook in the near term, while viewing Yardeni’s $6,000 call as a tail-risk scenario. For me, $5,000 is a checkpoint, $5,250–$5,300 is the volatility zone, and $6,000 requires clear euphoria and added macro stress.
@TigerClub @TigerStars @Tiger_comments
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