GOLD: resolution of a 13-year pattern and medium-term outlook

As of January 24, 2025, gold is trading at approximately $2,751.99 per ounce. Analysts projected that gold will reach $2,700-$3,000 range in early 2025, driven by factors such as interest rate cuts by the Federal Reserve, increased purchases by emerging market central banks amidst geopolitical uncertainties.
This analysis highlights medium-term trajectory based on a 13-year consolidation pattern.