Gold just crossed $5,000 for the first time ever.
And honestly? The rally is moving so fast that Wall Street can't keep up. They're scrambling to raise their targets in real-time.
What's Polymarket Saying?
According to the prediction market Polymarket, the crowd is betting big on more upside:
2026 Predictions from the Big Names
Banks and economists are updating their forecasts and calling for more gains:
Technical Levels
At these prices, cycles and Fib projections matter most.
Cycles Fan has $5,763 as the 2nd yearly resistance โ a level worth watching.

Our Take
High inflation. Oil prices through the roof. Geopolitical chaos everywhere.
If that sounds familiar to you, back then, gold ripped 200%.
If you apply that same move from Liberation Day levels? You're looking at $9,000 gold. Even a 100% move would put gold at $6,000.

This Isn't Just About Dollar Debasement
Yes, the debasement trade is real. But there's something bigger going on here.
Gold might be telling us a global debt crisis is coming.
Think about it:
More Fed Cuts Ahead
US growth is still beating expectations and the Fed will be cutting rates into strength. That's a problem for the dollar. It means US rates, both nominal and real are falling relative to the rest of the world.
Lower real rates + massive deficits + geopolitical uncertainty = Gold's perfect storm
Yes There Will Be Corrections
As traders, its important to be realistic: Pullbacksare coming.
Gold is up 17% in January. 85% year-over-year. After a move like that, some profit-taking is inevitable. In the 1970s, gold rebounded quickly but not before a 30% pullback
Soask yourself: what would actually break this rally?
None of that is in the cards.
Central banks are still buying. The Fed is still easing. Deficits are still exploding. De-dollarization isn't slowing down.
So when gold pulls back and it will that's not a signal to panic. That's a signal to pay attention.
The structure hasn't changed. The bid is still there.
Corrections? Yes. Trend change? Not without a major shift in the fundamentals.
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