Gold (XAUUSD) Price Forecast: Eyes $4,041 Target:
Gold posted its biggest one-day drop since October 21 down 4.37% to $4,335 on Monday mirroring a past pattern that led to a $495 decline over 6 days. Subtracting that from Friday's high of $4,537 points to a swing target of $4,041 by January 6, below the 50-day moving average at $4,172.
This sharp selloff likely stems from year-end profit-taking, portfolio rebalancing, and traders booking gains before 2025 ends. The recent rally from October's $4,381 top gained just $155, far less than Monday's loss, trapping breakout buyers. Old tops often become new bottoms, and strong sellers could squeeze weak longs toward the 50% retracement at $4,212 or $4,172 first.
Technicals show bearish momentum after failing key levels like $4,381 and $4,350, with no reversal top yet. Fundamentals remain bullish long-term, but expect volatility from margin calls and "trapped traders turning into investors." Watch for a plunge to $4,041 if selling persists or a bounce if support holds.
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Shanu
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