Amid current market fluctuations, gold shows signs of a steady upward trend. Despite recent price pullbacks, analysts maintain an optimistic outlook on the precious metal’s prospects. The market is actively discussing whether gold prices can break through critical resistance levels in the near future.
Technical analysis predicts an upward trend despite current volatility
Short-term fluctuations are considered a natural part of healthy market movement, according to experts. Nick Cowley, analyst at Solomon Global Markets, believes that after a significant recovery, corrections indicate the strength of the trend rather than its end. Technical signals remain positive, indicating a continuation of the upward movement. The expert expects gold to soon rise above the psychological level of $5,000 per ounce, potentially paving the way for a retest of the ten-year high around $5,600 in the second quarter of this year.
Two growth scenarios for the price: from $5,600 to $6,000
Market forecasts vary in ambition but agree on the general direction. Rania Gule from XS.com presents a longer-term outlook: she believes gold could reach $6,000 by the end of the year, although in the near term it may stay below $5,000. This forecast indicates that the bullish momentum is not exhausted, but upward movement will require more solid fundamental support. The weakening of the US dollar, expected due to interest rate cuts in the coming months, could act as a catalyst for breaking above current levels.
Strategy reassessment: when the gold market enters a redistribution phase
Investors are becoming more cautious in their decision-making, avoiding impulsive actions. This means that further gold price growth will be less dependent on speculative activity and increasingly driven by real economic factors. The precious metals market is currently not in a trend reversal phase but in a position redistribution phase, where experienced participants shift to a defensive stance, and new players enter more cautiously. This creates conditions for more sustainable and prolonged growth, but with less predictability of short-term price movements.
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Gold price is balancing between corrections and growth: experts see potential above $5,000
Amid current market fluctuations, gold shows signs of a steady upward trend. Despite recent price pullbacks, analysts maintain an optimistic outlook on the precious metal’s prospects. The market is actively discussing whether gold prices can break through critical resistance levels in the near future.
Technical analysis predicts an upward trend despite current volatility
Short-term fluctuations are considered a natural part of healthy market movement, according to experts. Nick Cowley, analyst at Solomon Global Markets, believes that after a significant recovery, corrections indicate the strength of the trend rather than its end. Technical signals remain positive, indicating a continuation of the upward movement. The expert expects gold to soon rise above the psychological level of $5,000 per ounce, potentially paving the way for a retest of the ten-year high around $5,600 in the second quarter of this year.
Two growth scenarios for the price: from $5,600 to $6,000
Market forecasts vary in ambition but agree on the general direction. Rania Gule from XS.com presents a longer-term outlook: she believes gold could reach $6,000 by the end of the year, although in the near term it may stay below $5,000. This forecast indicates that the bullish momentum is not exhausted, but upward movement will require more solid fundamental support. The weakening of the US dollar, expected due to interest rate cuts in the coming months, could act as a catalyst for breaking above current levels.
Strategy reassessment: when the gold market enters a redistribution phase
Investors are becoming more cautious in their decision-making, avoiding impulsive actions. This means that further gold price growth will be less dependent on speculative activity and increasingly driven by real economic factors. The precious metals market is currently not in a trend reversal phase but in a position redistribution phase, where experienced participants shift to a defensive stance, and new players enter more cautiously. This creates conditions for more sustainable and prolonged growth, but with less predictability of short-term price movements.