$XAU Gold has never moved in a straight line forever. It travels in big waves — long stretches of rising prices followed by many years of sideways movement or declines. When we study history, we see this pattern repeat again and again. A strong bull run builds over time as demand grows, fear rises, or currencies weaken. After the peak, gold often enters a cooling period where prices stabilize or pull back before the next major move. Understanding this wave-like behavior helps investors stay patient and see the bigger picture instead of reacting to short-term noise.