$XAU Long positions, Bank of America’s Managing Director, under market pressure, calls out a 12-month target price of $6,000 per ounce. The core logic boils down to three points: central banks continuously buying gold, investor demand rebounding, and economic growth weakening—none of which depend on the Federal Reserve’s stance. Those retail investors who sell off at the first hint of rate cut expectations simply don’t understand the true engine behind this gold bull market. I’ve fully committed $200k near $4,550, locking in my position and not moving!

1. Bank of America’s stance is to put the core logic of this bull market on the table: gold prices will indeed be suppressed in the short term due to fading rate cut expectations, but that’s not the fundamental support for gold. The World Gold Council’s Q1 report shows global central banks net purchased 244 tons of gold, far above the five-year average, simultaneously setting a Q1 net purchase record. China’s central bank’s gold reserves reached 74.64 million ounces at the end of April, adding 260k ounces in a single month, hitting a new high since January 2025, and marking the 18th consecutive month of accumulation. These monthly “state-level bottom-fishing” purchases are the most solid foundation for gold prices.

2. Top investment banks are collectively bullish, with very clear target prices: Bank of America’s $6,000 target is not an isolated case. Goldman Sachs reaffirmed a gold price of $5,400 by the end of 2026, expecting central bank gold purchases to rebound to 60 tons per month. JPMorgan maintains a year-end target of $6,000 and notes that once inflation and energy uncertainties dissipate in the second half, ETF flows and central bank gold buying will strengthen again. The consensus among top investment banks is very clear—current price corrections are just preparing for the next major rally.

3. Smart money has already rotated near $4,500, and retail investors have been cleaned out: the world’s largest gold ETF, SPDR Trust, ended a multi-day outflow and began a streak of five consecutive trading days of increasing holdings in early May. The large capital inflows are very clear—when the price dips to $4,550, with target prices from Bank of America, Goldman Sachs, and JPMorgan all in place, this correction is the best entry window for off-market funds.

$200k fully locked in, waiting for demand to rebound in the second half, central banks to accelerate gold purchases, and ETF inflows to restart—completely solidifying this gold bull feast! #阿贵 #机构资金从BTC轮动至HYPE和XRP