Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Gold’s technical signals point to the potential for a surge to $4,000 an ounce, according to Andrew Addison of Institutional View. This analyst highlights the yellow metal’s 12-year bullish foundation, marked by increasingly tight consolidations and steady upward movement. Although based on different methods, this technical analysis reaches the same conclusion as experts focused on macroeconomic indicators and geopolitical trends, reinforcing the probability of these optimistic gold readings.
The Bullish Breakout
In a Barron’s piece, Addison outlined his justification for a bold $4,000 gold price call. Through careful technical analysis–the study of previous price movements to gain insights about potential future performance–he determined gold has “upside projections to at least $3,600-$4,000.” This favorable range represents roughly 20% to 30% gains from current prices.
While investors have been focused on gold’s crossing of the $3,000 barrier, this analyst believes $2,200 was a more meaningful milestone. From mid-2020 to the end of 2023, gold prices hovered around $1,800, struggling to break out to the upside. After jumping over the “final resistance at $2,200,” Addison says gold has achieved “escape velocity.”
A 12-Year Base
Momentum plays a crucial role in gold’s ongoing rally, but it doesn’t tell the whole story. By combing through over a decade of price action, Addison uncovered a massive 12-year base that started forming in 2011. Technically speaking, gold prices entered higher and tighter consolidations, meaning sellers were losing strength while buyers took over. This long period of build-up acts as a firm foundation upon which gold’s strong price action has grown.
Blue Skies Ahead
As gold continues exploding to all-time highs, there’s a knee-jerk reaction for investors to expect prices to hit a ceiling. Addison takes the opposite perspective. The fact that the yellow metal is in uncharted territory means no historical resistance remains to challenge the rally. He sums it up by saying, “It’s now ‘blue sky’ on the upside.” This aligns with 2025 gold price forecasts from experts, which keep rising as the yellow metal continues setting new records.
Pullback = Buying Opportunity
Addison emphasizes that gold’s path to $4,000 won’t be a straight line. Notably, that’s a good sign for investors, particularly those who haven’t entered the market yet or are looking to build their positions. In light of gold’s positive forecast, any break in the upward price action is an opportunity to dollar-cost average for a lower cost basis and potentially higher returns in the future.
These pullbacks in prices present opportunities for us.–