Gold (XAU/USD) Long-Term Analysis: Target Nearly ReachedGoldOANDA:XAUUSDCihan_AkdumanI am sharing an update on my long-term gold analysis that demonstrates the power of technical analysis when combined with sound fundamental reasoning. Back in April 2025, I projected that gold would reach the 4,646 area, and today, just eight months later, we are witnessing this target being approached as gold trades around 4,520. The Original Analysis (April 2025): When I analyzed gold in April at around the 3,184 level, I had already been positioned bullish since 1,875. My analysis identified multiple Fibonacci extension levels projecting significant upside potential. The target of 4,646, marked by the 0% Fibonacci extension, represented a logical destination based on the price structure and historical price action. The chart showed several key consolidation zones where institutional buyers were building positions. The ascending trendline from the major lows provided dynamic support, while previous resistance levels were expected to flip into support during the upward journey. Current Reality (December 2025): Fast forward to today, and gold is trading at approximately 4,520, just 126 points below my projected target of 4,646. The price has followed the anticipated path almost perfectly, respecting the Fibonacci levels and trendline support along the way. The breakout above the 0.236 extension at 3,608 provided the momentum needed for this final leg higher. The second chart clearly shows how the projection has materialized. Gold has achieved a powerful move in recent months, breaking through the 4,000 psychological level and continuing its ascent toward the technical target zone. Fundamental Backdrop: The critical global situation continues to validate gold's role as the ultimate safe-haven asset. Unlike paper currencies or debt instruments, gold carries no counterparty risk, no liabilities, and pays no interest. It represents pure monetary value in its most fundamental form. Central banks worldwide have been accumulating gold at historic rates, geopolitical tensions remain elevated, and concerns about currency devaluation persist. These factors have created the perfect environment for precious metals to thrive. In times of uncertainty, investors and institutions alike turn to gold as a reliable store of wealth. Validation of the Analysis: This before-and-after comparison demonstrates the effectiveness of combining multiple technical tools. The Fibonacci extensions, trendline analysis, and identification of key consolidation zones all contributed to an accurate projection. The fact that gold has traveled over 1,300 points in eight months and is now within striking distance of the target validates the original thesis. What's Next: As gold approaches the 4,646 target, we need to watch for potential profit-taking or consolidation. This level represents a significant technical milestone where traders who entered at lower levels may choose to secure gains. However, if the fundamental backdrop remains supportive and global tensions persist, gold could eventually break through this resistance and establish new targets even higher. Key support levels to monitor include the breakout zones around 3,600-3,800 and the ascending trendline that has guided the entire move. A sustained break below these areas would require a reassessment of the bullish scenario. Conclusion: This analysis serves as a reminder that precious metals remain a critical component of a diversified portfolio, especially during uncertain times. Gold's performance since April has been nothing short of remarkable, and the achievement of the projected target zone underscores the importance of patient, long-term positioning in quality assets. This analysis represents my personal technical and fundamental assessment. It does not constitute financial advice. Always conduct your own research and implement proper risk management strategies.