Market Outlook: Short-term pressure, long-term support



Short-term: Volatile and slightly weak
Before the Federal Reserve clearly shifts to a dovish stance, gold prices are likely to fluctuate within the range of $4,200–$4,600 per ounce (domestic investment gold price of 900–1,000 yuan per gram). Market sentiment is unstable and prone to sharp fluctuations.

Mid to long-term: Bullish pattern remains intact
Global central banks continue to buy gold (the People's Bank of China has increased holdings for 18 consecutive months), the de-dollarization trend, and potential financial system risks provide solid long-term support for gold prices. Many institutions still maintain a medium to long-term bullish outlook, with target ranges of $4,800–$5,400 per ounce or higher. $XAUUSD
XAUUSD-3.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned