Buying gold up to $5,100

Gold prices are now attempting to recover after yesterday’s deep correction—and they are likely to succeed, despite any headwinds. We expect the asset to climb back to solid resistance at $5,100. Current fluctuations do not darken the precious metal’s bright outlook, as it is crowned a key safe haven.

Forecasts for 2026 from major players:

JPMorgan analysts raised their previous estimate to $6,300 by year-end. Global central banks are predicted to purchase about 800 tons in 2026, proving that the diversification trend is far from over.

UBS revised its short-term target, setting it at $6,200 by June. However, the price could correct moderately to $5,900 by December due to US midterm elections. That said, the bank’s most bullish scenario suggests blockbuster growth to $7,200.

Goldman Sachs also raised its outlook, lifting the price target from $4,900 to $5,400. Experts explained their decision by pointing to retail investors’ reluctance to take profits amid ongoing uncertainty and increasing expectations of rate cuts by the US Federal Reserve (Fed).

A Reuters poll of 30 analysts showed a median forecast of $4,746.50—a historical record for such surveys. In comparison, last year’s price for the same period was $2,700. 

Key tailwinds for gold in 2026:

Central bank support. Bullion’s share has recently exceeded that of US Treasuries for the first time since 1996.

Monetary easing. Expectations of imminent rate cuts by the Fed lower the opportunity cost of gold. This year, the American regulator is forecast to ease policy by 50 basis points.

Geopolitical tensions. The US-China standoff remains acute, along with other global trade confrontations. Such an environment is favorable for bullion prices.

The overall recommendation is to buy gold. Profits should be taken at $5,100. Stop Loss could be set at $4,900.

Calculate your open position so that a potential loss (protected by a Stop Loss order) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.