Gold Price Forecast — Buying Opportunity in Disguise After the XAU Dip?

As investor risk appetite returns following the US-UK trade agreement, gold prices are now reversing their record-breaking run, but could...

Who's picking up some Gold during this retreat in the XAU price?

Quick overview

  • Gold prices have retreated from a record high of $3,500 per ounce to around $3,300, marking a significant decline as investor risk appetite returns.
  • The recent sell-off is attributed to renewed optimism following a US-UK trade agreement, which has shifted market focus away from safe-haven assets.
  • Despite the current correction, historical trends suggest that pullbacks in gold prices often attract strong buying interest from long-term investors.
  • Traders are advised to closely monitor technical indicators for signs of stabilization before making further investment decisions.

As investor risk appetite returns following the US-UK trade agreement, gold prices are now reversing their record-breaking run, but could this decline be paving the way for the next bullish move?

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers