GOLD (XAU/USD) PRICE FORECAST: BULLS EYE $3,228 SUPPORT AFTER REVERSAL TOP CORRECTION

GOLD (XAU/USD) PRICE FORECAST: BULLS EYE $3,228 SUPPORT AFTER REVERSAL TOP CORRECTION

Gold prices recently surged to an all-time high of $3,500 per ounce amid escalating concerns about the U.S. economy and political instability.

the market has experienced a pullback from this peak, with prices currently trading around $3,428, marking a rally of over $800 in 2025 alone .

Despite this correction, the overall bullish trend remains intact, with investors eyeing key support levels for potential buying opportunities.​

Gold prices reached a record high of $3,500.05 per ounce, driven by escalating concerns over the U.S. economy and political instability.

Spot gold was last trading at approximately $3,428, marking a rally of over $800 in 2025 alone .

Following the peak at $3,500, gold prices have experienced a correction.

This pullback is seen as a natural market adjustment after a significant rally, with investors monitoring key support levels for potential buying opportunities.

Analysts maintain a bullish outlook for gold, citing factors such as increased central bank purchases and heightened geopolitical uncertainties.

Goldman Sachs and ANZ have raised their year-end forecasts to $3,700 and $3,600 respectively, anticipating continued robust demand .

Investors are focusing on the $3,228 support level, which aligns with previous price action and technical indicators.

A sustained hold above this level could reinforce the bullish trend and provide a foundation for future gains.