Gold Price Forecast – Pullback Continues into Mid-September - FXEmpire

AI desk brief

Gold is seen extending a mid-cycle pullback into mid-September, with the article flagging a near-term support zone around $4,150 +/- $50 after Friday’s stronger-than-expected payrolls and ahead of next week’s CPI print. The call is that hotter inflation data could deepen downside pressure into the Sept. 16 Fed meeting, even though the broader trend remains constructive.

Silver is described as in a standard 1–2 week correction after bottoming in July, with support expected near $60 and a possible brief break below that level if CPI surprises to the upside. Platinum is also expected to ease into a $1,650-$1,700 support band before the Fed decision, while miners and junior miners are said to be pulling back toward key moving-average support but still positioned to outperform and set new highs ahead of the underlying metals.

The broader message is that the author sees the current move as a pause within an ongoing bull cycle rather than a trend reversal. Near-term risks are centered on U.S. macro data, especially CPI and the Fed meeting, which could keep real-rate and dollar pressure on metals for another 1-2 weeks. Longer term, the piece remains aggressively bullish, projecting new all-time highs next year and even gold targets above $7,000, though that forecast is explicitly presented as a technical view rather than a fundamentals-driven institutional call.