We remain positive on gold prices on Tuesday. For Forex: XAUUSD by Freja_GoldGuide — TradingView

We remain positive on gold prices on Tuesday.

Our target price is $5,000.

We will continue to buy at lower prices this week.

On Monday, we made multiple buys near $4,650 and twice gained nearly 150 pips, including a $15,000 profit on one trade. Due to the current high market volatility, we have adjusted leverage this week and reduced the order size by 10 times.

After hitting a record high in late January, gold prices experienced their worst one-day decline since 1983 in just a few trading days.

This decline is due to a combination of short-term headwinds.

Before the crash, gold prices had nearly doubled in the past 12 months, a significant gain.

Any slight move could lead to widespread profit-taking.

What are the expectations?

Despite the short-term volatility, I remain optimistic about the mid- to long-term prospects.

I think the basic logic driving this gold bull market still holds.

The recent decline is a classic “technical correction” rather than a breakdown in the long-term bullish logic.

Main focus this month:

Market attention will be on whether Warsh’s policy stance will be reiterated and whether global central banks will continue to buy gold.

Any sign that his stance is more accommodative than expected could provide an opportunity to buy at lower prices.

Currently, the market is in a fierce battle between short-term technical adjustments and long-term structural optimism.

We maintain our buy-low strategy:

Key points:

1: The macro trend support is at $4400-4500.

2: As long as gold remains above $4,500, buy on dips.

3: As volatility increases, adjust leverage accordingly and expand the stop loss ratio. (Reference: Leverage reduced by 10 times)