Gold Dropped 10% – Is This a Dip to Buy or a Trend Reversal?

Is gold still bullish, or are we heading into a deeper decline?

📉 What’s Happening?

The drop is mainly due to profit booking and a shift to “risk-on” sentiment.
But gold is still in a long-term uptrend – holding support at \$3,130–\$3,180
Technically, it's consolidating, not collapsing.

📊 Key Levels to Watch

Bullish breakout: Above $3,305, could retest $3,500.

Bearish breakdown:Below \$3,056, could fall to \$2,950 or lower.

🔍 What Analysts Say

Goldman Sachs: Targeting \$3,700+ in 2025.

JP Morgan: Eyes \$3,675, warns of pullbacks if Fed stays hawkish.

HSBC & Citi: Still bullish, but caution on USD and rate hikes.

Most agree: long-term demand (ETFs, central banks) remains strong.

🧠 So… Bullish or Bearish?

It depends on how the Fed, USD, and global risk appetite evolve. Gold is holding key support – for now. Next move depends on trader sentiment and macro data.

👉 Your Turn: As an experienced trader, what’s your bias?
Drop your opinion below. Is gold still a buy? Or is this the beginning of a deeper fall?