Gold in recent weeks has been on a crazy ride 📈 It started strongly in January when it reached close to $5,600, but then there was a sharp correction in March, dropping to $4,700-$4,800. Now in May, the price is at historically high levels despite the pullback from the peak.

The question on my mind: Will gold continue to rise or are we on the verge of another correction? Major analysts differ slightly—some expect it to reach $6,000-$6,300, while others are more cautious. The problem is that gold is now very sensitive to any movement in the dollar, interest rates, or geopolitical news.

From my perspective, I believe gold price forecasts for the coming weeks depend on Federal Reserve decisions and global conditions. If the dollar stabilizes and interest rates decrease, gold could rise further. But if the opposite happens, we might see a new correction. The important thing is to follow the fundamentals and not chase numbers emotionally.