Gold Under Pressure – Temporary Pullback or Start of a DowntrendHello everyone, great to see you again.
Today, let’s focus on the bearish factors surrounding gold. At the time of writing, gold is trading around 3,331 USD, down 50 pips on the day, continuing its downward correction since the end of last week.
Within just a few days, gold has plunged from its peak of 3,433 USD—losing nearly 100 USD per ounce.
This sharp drop is largely driven by profit-taking and market anticipation ahead of key economic data next week, including U.S. interest rate decisions, inflation, and job reports.
This week is packed with critical updates: growth figures, inflation stats, employment numbers, and monetary policy decisions from major central banks—all of which could significantly impact gold’s next move.
According to a recent survey, 36% of analysts expect gold to fall further, while retail investors remain optimistic about a rebound.
For now, the market is clearly in a correction phase. Caution is advised.
What do you think—will gold bounce back or continue to drop?
