The gold trend remains bullish

The gold trend remains bullish long-term based on Fundamental Analysis (FA) due to persistent safe-haven demand, strong central bank buying, and the prospect of lower US interest rates and a weaker US dollar.

However, Technical Analysis shows short-term risks of correction/consolidation after a rapid surge to recent all-time highs (near $4,300), signaling an overbought market. The critical psychological support level is $4,000.

My strategy is to buy on dips to capitalize on the strong fundamental tailwinds, while exercising caution given the recent volatility. FA drivers are expected to continue pushing prices higher over the medium to long term.

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