Is gold about to break above $5,000 an ounce?
It seemed unthinkable just a few short months ago that the price of gold could climb this high, but it has and independent analyst Alistair Strang thinks it might not be over yet.
21st January 2026 07:48
by Alistair Strang from Trends and Targets
We’re starting to openly speculate on $5,000 an ounce being a sane target for the price of gold! Usually we avoid clickbait types of headline targets, but in this instance it’s becoming difficult to ignore the prospect of further gains in the price of the yellow metal.
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From our obscure arithmetic perspective, gold now needs to close a day above $4,783 as this now risks suggesting ongoing gains to an initial $4,872. Our secondary, if this target is exceeded, now calculates at $5,200 and a pretty solid nod above the $5,000 level.
It’s perhaps important to mention we cannot calculate above $5,200, and suspect achieving such a level shall introduce some volatility. However, (this is important) if the market starts nudging the price of the metal up with little gaps at the open (such as occurred twice recently – circled), it could easily ensure our $5,200 ambition may prove to be another footnote in the price of gold.
Should things intend to go wrong, below $4,450 provides for reversal to an initial $4,294 with our secondary, if broken, at $4,133 and perhaps a bounce.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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