Top chart is gold price corrected for inflation with base month being the current June 2022. This means that it is only valid for June 2022.
We see that gold hit the same inflationary ceiling as 1980 and 2010. Even though the nominal price has risen, making new highs, the real value of gold against the dollar remains below technical resistance and is now forming potentially bearish price action.
In my opinion, the main thing that can push the nominal price up farther is hyperinflation. However, even then it is unlikely that gold will outpace inflation - meaning the real price will downtrend against dollar, as it's doing now, even though the retail price will appear to be increasing.
We see that gold hit the same inflationary ceiling as 1980 and 2010. Even though the nominal price has risen, making new highs, the real value of gold against the dollar remains below technical resistance and is now forming potentially bearish price action.
In my opinion, the main thing that can push the nominal price up farther is hyperinflation. However, even then it is unlikely that gold will outpace inflation - meaning the real price will downtrend against dollar, as it's doing now, even though the retail price will appear to be increasing.
bounce at 1500? Who cares lol