The post Gold set for a 2008-style ‘violent pullback’, warns strategist appeared on BitcoinEthereumNews.com. Chris Vermeulen, Chief Market Strategist at The Technical Traders, has warned that gold could be on the verge of a sharp correction reminiscent of the 2008 financial crisis. He noted that following a historic bull run, gold may face a pullback ranging from 30% to 35%, with some scenarios extending to 45%, based on Fibonacci retracement analysis and historical market patterns. “It’s going to be more like 2007/2008 where it’s going to be just a sharp violent pullback . <…> I think we have an economic reset and when gold finally does peak it’s probably going to pull back 30%, 34% or 35% somewhere in there,” he said.  Notably, gold has been among the best-performing assets of 2025, with investors turning to the precious metal for its safe-haven appeal. However, in recent weeks, the metal has recorded significant outflows, trading at $4,114 as of press time, up more than 56% year to date. Gold YTD price chart. Source: TradingView In an interview with David Lin published on October 22, Vermeulen noted that the peak for gold has not yet been clearly established. Investors should anticipate the metal reaching a top before a significant correction begins. Using past trends as a guide, a pullback of 20% to 45% is typical during the natural ebb of major asset cycles. Gold’s sweet spot  Such a correction could see gold’s price retreat to what the analyst described as the “sweet spot,” a range determined by retracement levels between 38% and 61%. “I do believe, eventually using just Fibonacci retracement based on the size of this run, there is potential for gold to pull back to the sweet spot. And the sweet spot is between a 38% pullback all the way,” he added.  While the correction is expected to be sharp, it is unlikely to… The post Gold set for a 2008-style ‘violent pullback’, warns strategist appeared on BitcoinEthereumNews.com. Chris Vermeulen, Chief Market Strategist at The Technical Traders, has warned that gold could be on the verge of a sharp correction reminiscent of the 2008 financial crisis. He noted that following a historic bull run, gold may face a pullback ranging from 30% to 35%, with some scenarios extending to 45%, based on Fibonacci retracement analysis and historical market patterns. “It’s going to be more like 2007/2008 where it’s going to be just a sharp violent pullback . <…> I think we have an economic reset and when gold finally does peak it’s probably going to pull back 30%, 34% or 35% somewhere in there,” he said.  Notably, gold has been among the best-performing assets of 2025, with investors turning to the precious metal for its safe-haven appeal. However, in recent weeks, the metal has recorded significant outflows, trading at $4,114 as of press time, up more than 56% year to date. Gold YTD price chart. Source: TradingView In an interview with David Lin published on October 22, Vermeulen noted that the peak for gold has not yet been clearly established. Investors should anticipate the metal reaching a top before a significant correction begins. Using past trends as a guide, a pullback of 20% to 45% is typical during the natural ebb of major asset cycles. Gold’s sweet spot  Such a correction could see gold’s price retreat to what the analyst described as the “sweet spot,” a range determined by retracement levels between 38% and 61%. “I do believe, eventually using just Fibonacci retracement based on the size of this run, there is potential for gold to pull back to the sweet spot. And the sweet spot is between a 38% pullback all the way,” he added.  While the correction is expected to be sharp, it is unlikely to…