Gold Price Turning Higher: Is $4,550 Now Within Reach? - Shanghai Metals Market

AI desk brief

Gold sold off to a post-Fed low of $4,235 after the 25bp U.S. rate hike, but quickly rebounded to $4,400 as the 50-day moving average held for a fourth test. The article sees the next tactical target at the 200-day moving average around $4,541/$4,550, with $4,250 as the key downside line; a sustained break below that would expose $4,000.

The call is for consolidation between the 50-day and 200-day averages rather than a trend breakdown, with oversold conditions and pronounced short positioning supporting a technical rebound. The author argues higher rates are pressuring gold in the short run, but energy- and geopolitics-driven inflation makes the Fed’s tightening less effective and leaves scope for a Q4 recovery and, eventually, a move back toward $5,000 in early 2027 if $4,541 is decisively cleared.