I've noticed an interesting thing while looking at long-term gold charts. Almost all serious analyses converge on one point: we are in a gold bull market that could last for years. This is not hype; it's mathematics.

Let's start with the numbers. In 2025, most major players (Goldman Sachs, UBS, BofA) predicted gold around $2,700-$2,800. Some more aggressive forecasts talked about $3,000-$3,100. Now that it's April 2026, let's see where we actually stand. The forecasts for 2026 were around a maximum of $3,900, with a range of $2,800-$3,800. Interesting.

But what truly fascinates me is the underlying structure. Gold doesn't rise for no reason. It rises because the monetary base M2 continues to grow, expected inflation remains sustained, and Treasury bonds create a favorable environment. Everything is interconnected. When you look at 50-year charts, you see clearly: after the consolidation from 2013 to 2023, a new bullish cycle has begun. These long cycles generate long movements.

Positions in the gold futures market are still very interesting. Commercial traders maintain high net short positions, which means the price hasn't been fully "squeezed" upward yet. There is still room to run.

Today, everyone is asking: how high can it go? The 2030 target circulating was $5,000. But honestly, talking about gold forecasts for 2040 is still premature. Each decade has different macroeconomic dynamics. What I can say is that the trend remains bullish as long as gold doesn't fall and stay below $1,770, which currently seems very unlikely.

What many underestimate is that gold is making new all-time highs in ALL global currencies, not just the dollar. This started at the beginning of 2024 and is the definitive confirmation that the bull market is real, not just a phenomenon denominated in USD.

For 2026-2027, I expect a moderate bullish trend, with possible corrections but no trend reversal. If inflation expectations remain on that secular upward channel (and everything suggests they will), gold will continue its upward path. It won't be a vertical explosion but a steady climb.

Silver? That's a different story. It tends to lag behind gold, but when it ignites, it explodes. The gold/silver ratio over 50 years suggests that silver will have its moment in a later phase of this cycle.

In short, if you're on Gate and watching precious metals, the setup remains constructive. It's not the time for FOMO, but also not to completely ignore the sector.