Investing News Network (INN)

Gold Price Hasn't Bottomed, when I Plan to Buy

The video examines why the gold market has not yet found a true bottom and outlines a timing strategy for long‑term investors. The presenter traces the recent price action from a parabolic surge that lifted gold from $4,300 to a peak of $5,600, followed by a steep correction and a series of sideways bars that now appear to be forming lower highs and lower lows. Technical analysis suggests the short‑term uptrend has flipped into a downtrend, with the chart pointing toward a test of the $4,300 support zone. If that level holds, a brief bounce could precede a break toward $3,900, and the analyst warns of a possible wash‑out to $3,500 later in the year. Key data points include the blow‑off top at $5,600, the current lower‑high/lower‑low pattern, and the projected support levels at $4,300, $3,900, and $3,500. The speaker emphasizes that the $3,500 region is where he intends to establish a long‑term position, citing it as a more defensible entry point. For investors, the analysis signals caution: waiting for a deeper correction could improve risk‑adjusted returns, while premature buying near current levels may expose portfolios to further downside. The outlook underscores the importance of technical cues in timing gold purchases for long‑term wealth preservation.