Gold approaching a pivotal point of value, then where?

[MongiIG]

Gold has attracted a lot of attention recently: with an uptick in inflation - which central banks are moving to combat - and then due to the invasion of Ukraine. RW Advisory's Ron William says gold is approaching a critical level.

Beyond this level, he says the target would be the all-time record high seen back in August 2020.

But, what about the gold price if you take into account inflation? Current levels are nowhere near those highs.

Then, if you buy gold in different currencies, outside of the dollar, you may already be paying record high prices for the metal.