Gold’s Price Correction Sets Stage for Potential $5,200 Rally, Analysts Say
Gold’s recent consolidation phase is being viewed as a precursor to a significant upward movement, with analysts projecting targets as high as $5,200 per ounce. Chris Vermeilan of ITM Trading outlines a phased approach: an initial surge to $4,700, followed by a push toward $5,000, and ultimately a climb to $5,100–$5,200. The metal has already reclaimed the $4,000 level after a brief pullback to $3,900 during USD strength.
Market observers highlight gold’s resilience as institutional and retail investors alike position for macroeconomic uncertainty. Rashad Hajiyev, among other experts, had previously anticipated this trajectory, noting gold’s structural demand drivers remain intact. The asset’s breakout potential now dominates conversations across traditional and digital asset markets.
