Gold Price Under Pressure: Analysts Project Bullish Recovery Despite Corrections

The gold market is currently experiencing a phase of significant fluctuations, but experts maintain a constructive outlook regarding its medium- and long-term bullish potential. Despite the temporary swings observed, the price of gold is supported by solid fundamentals that underpin its upward trend in the coming months.

DIVERGENT Price Targets Among Experts

Nick Cawley, analyst at Solomon Global Markets, holds a particularly optimistic perspective according to Jin10. For the expert, the current corrections are simply short-term technical movements that do not alter the market’s structural outlook. Cawley projects that the gold price will reach $5,000 in the coming weeks, with a more ambitious target of $5,600 for the second quarter, retesting decades-old all-time highs.

Meanwhile, Rania Gule of XS.com offers a complementary forecast, albeit with different nuances. While acknowledging that the gold price could consolidate below $5,000 per ounce in the short term, she projects a potential revaluation toward $6,000 before the end of the year. Both perspectives agree that the market still maintains its bullish momentum without exhausting itself.

Macroeconomic Factors Support the Bullish Trend of Gold

Supportive winds for gold persist in the current macroeconomic environment. Although the US dollar remains solid at this moment, analysts anticipate interest rate cuts over the next few months. This combination of monetary policies could weaken the US currency or, in the most conservative scenario, slow its further appreciation, indirectly benefiting the gold price.

Corrections in the market, especially after strong rebounds, are considered healthy and entirely normal within a bullish cycle. The technical context continues to show positive indicators that reinforce confidence in the recovery.

Market in Transition: From Speculative Momentum to Selective Analysis

However, the market dynamics are undergoing a significant change. Investors are adopting a more selective and cautious approach, suggesting that future gains in the gold price will be more based on value analysis than on pure speculative impulse. Upcoming bullish movements are likely to be accompanied by more pronounced corrections.

The precious metals market is currently in a phase of repositioning rather than a complete reversal of its trend. This repositioning reflects a maturation of the cycle, where both upward movements and corrections are more closely related to underlying economic fundamentals than to pure speculative sentiment.