Year-end's gonna be crucial for this chart. My take? The party's over.

Gold's upside for the next 1-3 years looks pretty limited now. Don't get me wrong—I'm not saying it'll crash. But those wild 30-60% annual rallies we've seen? Yeah, those days are behind us.

Best case scenario? Maybe we squeeze out a move to $4,500, possibly stretch to $4,700 if everything aligns. But that's about it. The risk-reward just isn't there anymore for the kind of explosive gains people got used to.

Worth watching how it plays out these final weeks though. The setup will tell us a lot.