Invest in gold up to $4,410

From a technical standpoint, gold is starting to shake off its long downtrend and is laying the foundation for a medium‑term bullish reversal. Prices have already stabilized at around $4,349.98, revealing that buyers are stepping back in after a local bottom was carved out. This suggests that bears are losing their grip. And the evidence is mounting. 

Between June and July, the precious metal repeatedly tested critical long‑term support in the $3,910.25–$3,950.00 range. At these levels, a textbook "double bottom" pattern emerged, complete with a false breakdown—a telltale sign of strong institutional demand for physical bullion. This is the kind of formation that is widely regarded as one of the most reliable reversal signals. 

In early August, gold staged a powerful and sustained rally, breaking through local barriers with conviction. It has now settled firmly above the $4,225.25 psychological threshold, which has flipped from resistance to support—a mirror level that is now acting as a floor. This is a significant milestone for buyers. 

Bullion is currently trading at $4,349.98, near the lower boundary of the consolidation range—a favorable technical zone for large players to accumulate long positions ahead of the next leg up.

Now, let's take a step back and consider the bigger picture. The primary catalyst behind gold's recent strength is the Federal Reserve's (Fed) highly dovish tilt. With today's FOMC minutes set to be released, markets are betting that the regulator stands ready to cut interest rates further in order to protect the labor market. This narrative steadily undermines the dollar's appeal, while declining real yields on US Treasuries continue to channel capital toward non‑yielding precious metals.

Strong demand from global central banks and the industrial sector adds another layer of solid fundamental support for the metal. 

The ultimate recommendation is to buy gold. Place Take Profit at $4,410. Set Stop Loss at $4,320.

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 you to enter a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.