$4000/oz gold by the end of 2025? yes, very much possible, but also beware of consolidation ranges which may extend for months the remaining ≈50bps of rate cuts this year are very much in the process of being priced-in moreover the USD isn't likely to strengthen significantly over the next 3 months and additional liquidity will be injected from US, China, EU, Japan & others all positive price pressure on gold the question isn't wether gold will hit $4000 (it will!), but wether it will reach that price in the next 3 months. it could also settle in a consolidation range with the top just below $4K remember that December is the tax year end pretty much worldwide, so balance sheets will be re-organized. US Treasury will also be running auctions on notes and bills every month until the end of 2025. and that collateral is needed by the wholesale debt markets/money market funds, so it will be bought up. these two could put downward pressure on the price of gold within the next 3 months within the next 8 months gold will almost certainly reach $4000. so if it doesn't happen by December 31st 2025, it will be soon after i'we written out my gold price thesis extensively in my previous posts, and closely followed the previous consolidation. you can read that to understand how to interpret data from price pressure, global liquidity and technical analysis standpoint i will eventually cover these points in more detail, so stay tuned to future posts