Gold Price Forecast: The Fed Correction Is Over—Is $5,000 Next? - FXEmpire

AI desk brief

FXEmpire sees the recent pullback in gold, silver and miners as a "sell the rumor, buy the news" correction ahead of this week’s Fed rate hike, with the article calling for an immediate resumption of the uptrend. For gold, the key bullish trigger is a series of closes above $4,400, which the author says would confirm an interim low and keep $5,000 in play before year-end, with $7,000+ projected for 2H27.

Silver is flagged for potential outperformance, with an interim low cited at $62.32 and a bullish confirmation level above $70.00. The note also argues platinum could outperform gold, while GDX, GDXJ and SILJ are described as having completed corrective pullbacks and needing confirmation closes above nearby gap levels to validate September lows.