Gold's Past Cycles: Is the Top Near? 📈

With gold generating significant buzz, it's worth examining its historical performance during major bull runs. Understanding past patterns can offer valuable insights into its current trajectory.

Historically, gold doesn't move in a perpetual straight line. Instead, it demonstrates clear cycles: periods of strong upward movement followed by prolonged phases of consolidation or correction. 📉

This cyclical behavior, characterized by powerful bull runs and subsequent cooling-off periods, has been a consistent theme throughout its modern history. Recognizing these waves is crucial for market analysis. 🌊

**1st Major Bull Cycle (1970 – 1980)**
Duration: ~10 years

The first big modern gold bull run started around 1970. This impressive 10-year period saw gold surge from approximately $35, peaking near $850 per ounce. 🚀

This represents an astounding gain of over 2300%. Following this historic peak, a multi-year bear market ensued, marking a significant correction phase for the precious metal. 📉