Gold has shown a very clear trend in the past two years. Each time the metal consolidated for a few months, it later made a big upward move. These moves have usually been between 20% to 34% from the bottom of the consolidation. This repeating pattern has caught the attention of many market watchers who believe the cycle may still continue.
Recent Moves in Gold
In December 2023 to February 2024, gold moved up nearly 20% after a period of plateauing. From March to June 2024, it gained another 21.1%. Later, between November 2023 and early January 2024, gold went through another consolidation and then jumped a massive 33%. Again, from April 2025 to August 2025, there was a stretch of sideways movement, and now the breakout is happening once again.
Current Gold Price Levels
The chart being followed recently showed gold around 3,586 dollars per ounce. But as of now, prices have already touched 3,670 before settling near 3,630. This rise is in line with the same pattern that has been playing out over the last two years. If history repeats itself, gold may still have more room to climb.
Possible Projections Ahead
If the current rally behaves like the past ones, a 20% rise from here would push gold close to 4,000. A 34% rise could even take it towards 4,450. With the price now at 3,630, this means another 400 to 800 points may still be left in this ongoing move. The timeline for such moves has mostly been two to four months, so the target range could be reached before the end of this year.
A Realistic but Uncertain Path
While no one can predict with full certainty, the pattern looks strong enough to suggest that the rally is not done yet. It would be useful to keep in mind that levels like 3,600 or 3,700 may not be the final stop. Instead, the potential upside could be much higher, making the 4,000 to 4,450 range a realistic possibility if the pattern continues.
Final Thoughts on Gold’s Rally
Gold has already given strong returns in the last two years, and the latest breakout suggests history could repeat again. While there are always risks and nothing is guaranteed, the data points towards more gains ahead. Keeping an eye on this unfolding trend may help in understanding how far this rally can really go.
