After its powerful run, gold has shown signs of fatigue, stalling near technical resistance between $3,330–$3,350 per ounce in late July. Analysts warn that while the bullish trend remains intact on a structural level, daily volatility is high and some profit-taking or consolidation could continue unless new destabilizing events emerge.
Will the Rally Continue?
The Bull Case
Structural Demand: Multiple sources, including J.P. Morgan and other major forecast groups, predict gold’s structural bull case remains strong with average prices of $3,220–$3,675 per ounce likely through the end of 2025, and even $4,000 possible by 2026.
Ongoing Uncertainty: Persistent geopolitical risks, trade disputes, and fiscal pressures are expected to maintain robust safe haven flows into gold.
Central Bank and Asian Demand: Sustained buying by central banks and consumers in Asia could provide a solid floor below current levels.
The Bear Case
Interest Rate Dynamics: If central banks, especially the US Federal Reserve, hold or increase interest rates, gold could lose momentum, higher rates increase the opportunity cost of holding non yielding bullion.
Diminishing New Risks: Unless fresh economic or geopolitical shocks appear, further upside may be capped in the near term. Several experts predict gold may consolidate or trade sideways pending new catalysts.
Speculator Flows: Rapid speculative bets could lead to sharp corrections, particularly on technical breakdowns after such a strong rally.
Conclusion
The gold rally of 2025 has been driven by an unusual mix of global volatility, central bank behavior, and shifting investor psychology. While prices could pause or pull back in the coming months, the fundamental supports structural demand, central bank buying, and persistent global risks, suggest that the broader gold bull cycle is not yet over, with $3,000+ likely forming the new base for gold as we look toward 2026.
*NOT INVESTMENT ADVICE*
#gold #safehaven #uncertainty #economy #finance #trading #indicator
Will the Rally Continue?
The Bull Case
Structural Demand: Multiple sources, including J.P. Morgan and other major forecast groups, predict gold’s structural bull case remains strong with average prices of $3,220–$3,675 per ounce likely through the end of 2025, and even $4,000 possible by 2026.
Ongoing Uncertainty: Persistent geopolitical risks, trade disputes, and fiscal pressures are expected to maintain robust safe haven flows into gold.
Central Bank and Asian Demand: Sustained buying by central banks and consumers in Asia could provide a solid floor below current levels.
The Bear Case
Interest Rate Dynamics: If central banks, especially the US Federal Reserve, hold or increase interest rates, gold could lose momentum, higher rates increase the opportunity cost of holding non yielding bullion.
Diminishing New Risks: Unless fresh economic or geopolitical shocks appear, further upside may be capped in the near term. Several experts predict gold may consolidate or trade sideways pending new catalysts.
Speculator Flows: Rapid speculative bets could lead to sharp corrections, particularly on technical breakdowns after such a strong rally.
Conclusion
The gold rally of 2025 has been driven by an unusual mix of global volatility, central bank behavior, and shifting investor psychology. While prices could pause or pull back in the coming months, the fundamental supports structural demand, central bank buying, and persistent global risks, suggest that the broader gold bull cycle is not yet over, with $3,000+ likely forming the new base for gold as we look toward 2026.
*NOT INVESTMENT ADVICE*
#gold #safehaven #uncertainty #economy #finance #trading #indicator
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
entry & exit signals (10 days free trial): signalgotrade.crd.co
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.