I noticed that gold experienced a very strong wave at the beginning of the year, reaching close to $5600 in January, then sharply declined in March. Now in April, the decline has stabilized around $4700 to $4800. The big question on my mind is: will gold increase in the coming period or is this a normal correction?

Major analysts differ in their forecasts. JPMorgan says it could reach $6300 by the end of the year, while some expect a minimum of $4600 if monetary policy tightens. The difference is very large, but it seems most are optimistic that gold will rise further.

I see that the factors supporting gold prices are still present: strong demand for safe havens, central banks buying heavily, and geopolitical tensions haven't ended. But at the same time, the dollar is strong and US interest rates are high, which puts pressure on gold. If interest rates stabilize or decrease a bit, I expect gold to gradually increase.

The important thing is not to rush decisions. Gold is a safe haven, but its prices are very volatile in the short term. If you're thinking of entering, focus on your goals clearly and avoid making emotional decisions based on daily fluctuations.