Gold Prices May Recover Despite Strong Correction

The gold price has been experiencing a strong correction at the end of the week, but market sentiment remains cautious as analysts predict a possible recovery from important support zones.

According to a survey by a website specializing in precious metals, 21 analysts shared their views on the future direction of gold prices. The results showed that 10 people predicted an increase, 6 thought prices would continue to decrease, and 5 expected the market to move sideways.

The psychology of individual investors also leans towards the possibility of a recovery, with 59% expecting gold prices to increase, 21% forecasting a decrease, and 20% believing that prices will remain flat.

Technically, developments in the first sessions of this week are crucial. The area around $4,435 per ounce is a noteworthy support zone, and if maintained, buying power may appear again, leading to a recovery phase after the strong sell-off.